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Sandhyasharma1025

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  1. Asked: March 27, 2022In: Class 12 Economics

    Is credit card a form of money?

    Best Answer
    Sandhyasharma1025
    Added an answer on March 27, 2022 at 12:00 pm

    Credit card is not a form of money. The reason is that money is what we pay to people and company for things we purchase. On the other hand credit card is a store of wealth lent by the bank.

    Credit card is not a form of money. The reason is that money is what we pay to people and company for things we purchase. On the other hand credit card is a store of wealth lent by the bank.

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  2. Asked: March 27, 2022In: Class 12 Economics

    Explain the expenditure method of measuring National Income.

    Sandhyasharma1025
    Added an answer on March 27, 2022 at 12:00 pm

    Expenditure method measures final expenditure on Gross Domestic product at market price during a period of account.

    Expenditure method measures final expenditure on Gross Domestic product at market price during a period of account.

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  3. Asked: March 27, 2022In: Class 12 Economics

    What is Externalises? From class 12 NCERT Economics National Income Chapter.

    Sandhyasharma1025
    Added an answer on March 27, 2022 at 11:33 am

    Externalities refer to good and bad influence of an activity by a company or an individual caused to others for which no price or penalty is paid. Spelling is not Externalities is not correct.

    Externalities refer to good and bad influence of an activity by a company or an individual caused to others for which no price or penalty is paid.
    Spelling is not Externalities is not correct.

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  4. Asked: March 27, 2022In: Class 12 Economics

    the law of demand states __________ relaship between quantity demanded of a good and its price

    Sandhyasharma1025
    Added an answer on March 27, 2022 at 11:32 am

    last option is right answer. (iv) None of these

    last option is right answer.
    (iv) None of these

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  5. Asked: March 27, 2022In: Class 12 Economics

    What is Cooperative Oligopoly?

    Sandhyasharma1025
    Replied to answer on March 27, 2022 at 11:32 am

    Example - Mobile companies could be the apt example of Oligopoly market. They take decision like raise in tariffs. while providing internet usage facility to customer as per their independent decision.

    Example – Mobile companies could be the apt example of Oligopoly market. They take decision like raise in tariffs. while providing internet usage facility to customer as per their independent decision.

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  6. Asked: March 26, 2022In: Class 12 Economics

    What is Normal goods?

    Sandhyasharma1025
    Added an answer on March 26, 2022 at 11:52 am

    When demand of any product rises. Because of rise of income of customers are called Normal Goods. Income increases, so do the demand.

    When demand of any product rises. Because of rise of income of customers are called Normal Goods. Income increases, so do the demand.

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  7. Asked: March 26, 2022In: Class 12 Economics

    What do you mean by cross price effects?

    Best Answer
    Sandhyasharma1025
    Added an answer on March 26, 2022 at 11:52 am

    The phenomena that affects the demand of other one product and services. Because the prices of primary product and services increased. Example - Rise in fuel prices raised the demand of electric cars.

    The phenomena that affects the demand of other one product and services. Because the prices of primary product and services increased.
    Example – Rise in fuel prices raised the demand of electric cars.

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