We introduced the government in chapter one as denoting the state. We stated that apart from the private sector, there is the government which plays a very important role. An economy in which there is both the private sector and the Government is known as a mixed economy. There are many ways in...
Adam Smith (1723 – 1790) Regarded as the father of modern Economics. Author of Wealth of Nations.Aggregate monetary resources Broad money without time deposits of post office savings organisation (M3).Automatic stabilisers Under certain spending and tax rules,expenditures that automatically...
INTRODUCTORY MICROECONOMICS UNIT-I PRODUCTION POSSIBILITIES CURVE The production possibilities (PP) curve is a graphical medium of highlighting the central problem of 'what to produce'. To decide what to produce and in what quantities, it is first necessary to know what is obtainable. The PP curve...
PRODUCER’S BEHAVIOUR AND SUPPLYMeaning of supplySupply means the quantity of a commodity which a firm or an industry is willing to produce at a particular price, during a given time period. Law of supply This law states that 'other things remaining the same', an increase in the price of a...
PART B : INTRODUCTORY MACROECONOMICS UNIT 6 - NATIONAL INCOME AND RELATED AGGREGATES SOME CONCEPTS CONCEPT OF ECONOMIC TERRITORY INTRODUCTION National income accounting is a branch of macroeconomics of which estimation of national income and related aggregates is a part. National income, or for...
Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning
During the COVID-19, humanity has faced various situations that invoke human interest. There are stories of innovation, sacrifice, going beyond the call of duty, challenges faced and creatively solved, humour, finding joy in adversity etc. It will be highly useful to...
SOF~ The most desired name for Olympiads in the Educational World! SOF” refers to the Science Olympiad Foundation. It is an Academic Institution assisting educational based competition and enhancing competitive spirit among the School- Level students. The Science...
Board Exams Datesheet Class 10 and Class 12 Class 10 Datesheet for Boards Class 12 Datesheet for Board Exams
SOF IMO refers to the International Mathematics Olympiad organised by SOF, the Science Olympiad Foundation. SOF is the educational foundation involved in the academic upgradation of students. This Olympiad is a maths competitive examination conducted for the aspiring...
As per the Scheme of Examination, Practical Examination/Project/Internal Assessment is a compulsory activity which is completed by schools every year. Till last year, the window for Practical Examinations was provided from 1st January to 7th February. However, this...
As you are aware, Republic Day is celebrated every year on 26th January to honour the Constitution and Republic of our country. Celebration of this occasion annually helps youth and children of our country to be aware of the significance of Indian Constitution, unity...
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