Notes and Study material for Exams
Question:Machineries in an Industry are an example of >>>WORKING CAPITAL >>>Fixed Capital >>>Financial Capital >>>Production Capital >>>option2 Question:Finished goods in an industry are an example of >>>Working Capital >>>Fixed Capital >>>Financial Capital >>>Production Capital >>>option1 Question:Money invested by a venture capitalist in an industry is an example of >>>Working Capital >>>Fixed Capital >>>Financial Capital >>>Production … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> India’s National Accounts It is emphasised that in view of the essentially de-centralized character of the Indian Statistical System, the continental size of the country with large diversities and federal character of Polity, the Indian System of National Accounts to include regional accounts at the State … Read more
NATIONAL INCOME The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
NATIONAL INCOME The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
Human Development is a process of enlarging people’s choices. The most critical ones are to lead a long and healthy life, to be educated and to enjoy a decent standard of living. Additional choices include political freedom, guaranteed Human Rights and self-respect.Human development has to be development of the people, by the people, for the … Read more
National Income The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
The Paradox of Progress: Economic Growth vs. Economic Development The pursuit of economic prosperity has been a central theme in human history. Nations strive for growth, aiming to increase their wealth and improve living standards. However, the concept of “economic progress” is often conflated with the term “economic development,” leading to a misunderstanding of the … Read more
The Power of Production: Understanding GVA at Basic Prices Gross Value Added (GVA) is a fundamental measure in economics, reflecting the value created by an industry or sector within a specific period. It represents the contribution of that industry to the overall economy, providing insights into its productivity and growth potential. While GVA can be … Read more
Understanding Gross Value Added (GVA) at Factor Cost: A Comprehensive Guide Gross Value Added (GVA) at factor cost is a crucial economic indicator that measures the value of goods and services produced within a specific region or industry, taking into account the costs of production. It provides a comprehensive picture of economic activity and is … Read more
Unveiling the Economic Engine: A Deep Dive into GVA at Market Prices Gross Value Added (GVA) at market prices is a fundamental metric in economics, providing a comprehensive picture of an economy’s output and its contribution to national income. It measures the value of goods and services produced by an industry or sector, taking into … Read more