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
This has a reference to the letter no CBSE/COORD/2021 dated 11.02.2021 regarding conduct of the School-Based Assessment (Internal Assessment/Practical/ Project) of Class-XII and uploading the marks by 11.06.2021. It has been observed that some schools have not been...
The ICSE (Class X) 2021 Examination: Given the present worsening situation of the Covid- 19 Pandemic in the country, the CISCE has decided to CANCEL the ICSE (Class X) 2021 Examination. The options given in the earlier Circular dated 16th April 2021, now stands...
Latest Syllabus for Class 12 for 2021 2022 Latest Syllabus for Class 11 for 2021 2022 Latest Syllabus for Class 10 for 2021 2022 Latest Syllabus for Class 9 for 2021 2022 CBSE has issued the latest syllabus for the academic year 2021 2022 which is applicable for all...
SUMMARY OF THE POLICY FOR TABULATION OF MARKS FOR CLASS XII BOARD EXAMINATIONS 2021 1(a) Due to cancellation of the Board examinations, the assessment of theory portion of 80/70/60/50/30 marks will be done by the school based on the following: Class...
Looking to the present situation of the pandemic and school closures, and also taking in account the safety and well-being of the students, it is decided as follows: 1. The Board Exams for Class XIIth to be held from May 4th to June, 14th, 2021 are hereby postponed....
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