Explain any four features of national income
WebJan 15, 2024 · Page 4 : b) Sellers sell differentiated product, c) There is free entry and exit of firms, d) There is considerable element of uncertainty in this type of market, Options: 1) a, b 2) a, b, c 3) b, c,, xii., , 4) a, d, , Characteristics of Long period market, a) All factors of production and costs are variable, b) Firms are able to adjust all costs, c) It is for a few … WebAug 7, 2024 · It may be destructive for the other. (iii) Income is the most important component of development, but along with income, people also seek equal treatment, …
Explain any four features of national income
Did you know?
WebSep 2, 2024 · Political Parties Class 10 Extra Questions and Answer Civics Chapter 6 Very Short Answers Type. Question 1. Give one reason why multi-party system has evolved in India. Answer: It has evolved in India because of the social and geographical diversity of the country. This diversity cannot be absorbed by two or three parties alone. WebThe following points highlight the seven main characteristics of Less Developed Countries (LDCs). Some of the characteristics are: 1. Low per capita income and widespread poverty 2. Shortage of capital 3. Population explosion and high dependency 4. Massive unemployment and Others. Characteristic # 1. Low per capita income and …
WebWhen the level of income is low, the revenue objective of taxation will have to be subordinated to sumptuary objectives, 4. Functional Finance Objective: This was advocated by A.P. Lerner, an American Economist. He holds the view that, the chief objectives of public finance is to maintain an adequate level of national income. WebAug 2, 2024 · Answer: Poverty is a situation in which a person is unable to get the minimum basic necessities of life, i.e., food, clothing and shelter for his or her sustenance. Question 3. Mention any one historical reason for poverty. Answer: Low level of income under the British colonial rule. Question 4.
WebExplain features of National Income. There are 7 points. 1) National Income is a Macroeconomic Concept. National Income presents the economic progress of a country during a given time period. 2) National Income is a Flow Concept. It is the flow of goods and services produced in a country during a year. 3) National Income is Money … WebThe second important concept of national income is that of net national product. In the production of gross national product of a year, we consume or use up some capital, i.e., …
WebJun 27, 2024 · 1 Answer. (i) Few firms: Under oligopoly, there are few large firms each producing a significant portion of the total output. For example: the market for automobiles in India is an oligopolist structure as there are only a few producers of automobiles. The number of firms is so small that action by anyone firm is likely to affect the rival firms.
WebSimilarly, Table 4.3 reveals that adult literacy rate (percentage of population of ages 15 and older that can read and write a short simple statement in their everyday life) is much lower (62% in low income and 80% in lower middle income developing countries) in 2009 as compared to 98% in high income developed countries. how fast do hummingbirds beat their wingsWebMar 6, 2024 · The meaning of NATIONAL INCOME is the aggregate of earnings from a nation's current production including compensation of employees, interest, rental … high dose aspirin raises low body temperatureWebnational income concept and hence of national income esti-mates is neither thankless nor purely destructive. It is neces-sary for a proper interpretation of national income … how fast do hummingbirds growWebThe National Income is the total amount of income accruing to a country from economic activities in a years time. It includes payments made to all resources either in the form of wages, interest, rent, and profits. The … high dose aspirin vs low doseWebMar 8, 2024 · (vii) Explain with the help of an example, the problem of double-counting while calculating national income. (viii) Give a reason for each of the following: (a) The demand for a good increase when the income of the consumer increases. ... Explain any four features of an oligopoly market. [6] Answers: (a) No.of Workers: T.P. A.P. M.P. 1: … high dose baclofen for alcoholismWebJul 1, 2024 · العربية. 185. Updated country income classifications are available here. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange ... high dorsal resection of the liverWebDec 31, 2024 · The current account can be divided into four components: trade, net income, direct transfers of capital, and asset income. 1. Trade: Trade in goods and services is the largest component of the current account. A trade deficit alone can be enough to create a current account deficit. 3 A deficit in goods and services is often … how fast do hummingbirds wings move