Chapter 5:- Introduction In a free market economy, prices of goods and services are determined by demand and supply. The process of determining prices of goods and services by demand and supply is called price mechanism. Price mechanism is an important feature of capitalist economy. We shall discuss how demand Read more
Chapter 5:- Market Equilibrium. ആമുഖം ( Introduction ) ഒരു സ്വതന്ത്ര കമ്പോള വ്യവസ്ഥയിൽ ചോദനവും പ്രദാനവും ചേർന്നാണ് സാധനങ്ങളുടെയും സേവനങ്ങളുടെയും വില നിർണയിക്കുന്നത്. ചോദനവും പ്രദാനവും ചേർന്ന് സാധനങ്ങളുടെയും സേവനങ്ങളുടെയും വില നിർണയിക്കുന്ന പ്രക്രിയയെ വില സംവിധാനം (Price mechanism) എന്നു പറയുന്നു. ചോദനവും പ്രദാനവും ചേർന്ന് എങ്ങനെ വില നിർണയിക്കുന്നുവെന്ന് ചർച്ചചെയ്യാം. സന്തുലിതാവസ്ഥ, അധിക ചോദനം, അധിക പ്രദാനം (Equilibrium, Excess Demand, Excess Supply) Read more
Chapter 4:- Plus Two Economics Chapter 4 Theory of Firm Under Perfect Competition Introduction Internationally, markets are classified into various categories on the basis of their characteristics In , market is a place where goods are bought and sold. However, in economics it is a very broad concept having many Read more
Chapter 3:- Plus Two Economics Chapter 3 Production and Cost An economic unit that produces goods and provides services is called the producer or firm . The producer’s most important aim is to produce goods at least cost thereby maximising his profit. All resources used for production of goods are Read more
Chapter 2:- Plus Two Economics Chapter 2 Theory of Consumer Behaviour Introduction: The theory of consumer behaviour analyses how a consumer maximises his satisfaction from his consumption expenditure. Consumers buy or demand goods and services to satisfy their wants. They. can satisfy their wants by consuming goods. Goods are bought Read more
Chapter 10:- Comparative Development Experiences of India and Her Neighbours. Plus One Economics Introduction Economic policies followed by countries change over time. Policies are changed by learning from the mistakes of the past. It is also possible to learn from the experiences of other countries. Learning from the successes and Read more
Chapter 9:- Environment and Sustainable Development. Plus One Economics Introduction As an economy develops, many of its problems get solved. Economic growth generates jobs, raises incomes and improves the living standards of the people. Growth and development lead to increased literacy and higher life expectancy. Thus, growth and development solve Read more
Chapter 8:- Infrastructure: Economic and Social Infrastructure. Plus One Economics Chapter 8 Introduction For a nation’s growth and development it needs some basic facilities like power, water, transportation, communication, etc. These basic facilities are called infrastructure. Infrastructure Definition Infrastructure often refers to the equipment and structures required by the by Read more
Chapter 7:- Employment: Growth, Informalization and Other Issues. Plus One Economics Chapter 7 Introduction Work gives both livelihood and mental satisfaction. When people work they contribute to economic growth and development of the country. Information on the quality and nature of employment in our country helps human resource planning. It Read more
Chapter 6:- Rural Development. Plus One Economics Chapter 6 Introduction Mahatma Gandhi said ‘ India lives in villages’. In 1951, 82.7% of Indian population was living in rural areas and it has declined to 72.2% in 2001. India, a land of villages, has more than six lakh villages. Majority of Read more