Indian army has published the notification for SSC Tech 56 men and SSC Tech 27 women for the course commencing at OTA Chennai from April 2021
What are ‘Wage Goods’?
Goods consumed by the salaried class
Heavy capital goods used for income generation in a nation
Goods produced by the organized sector
Export based goods
The concept of Engel’s elasticity, in Economics, is used to analyze
Inward foreign remittances
Consumer Behavior
Impact of Monetary Policy
Government Budgeting
What is Paradox of thrift?
When people try to save more, they actually end up saving less.
When a nation tries to produce more, it ends up producing less.
When a bank lends, the borrowers do not receive an amount less than that was lent to them
When a nation exports more, its total savings decline.
Pareto optimality” is a situation where
Resources are allocated in a way in which it is impossible to make any one individual better off without making at least one individual worse off
Resources are allocated in the most socially desirable way
Resource are allocated as per democratic means based on the principles of equity and fairness
All of the above apply
A seller’s market is an economic situation in which
Goods are scarce and sellers can keep prices high
There is only one buyer and a large number of seller leading to monopsony.
Goods are plenty and sellers are forced to keep prices low
There is only one seller and a large number of buyer leading to monopoly.