Category: Industry

Any point on the PPC implies existence of full employment and full efficiency, but production of a combination below the PPC, at a point say A, implies existence of either unemployment or inefficiency. Refer to point A in Figure 1.3.Given full employment, it implies existence of inefficiency at point A. Alternatively, given full efficiency, the combination produced at this point implies existence of unemployment. The problems of unemployment and inefficiency can, thus, be investigated with the help of these curves. ADVERTISEMENTS: PPCs help to investigate the problems of growth and development also. In Figure 1.4, let FF be the production possibility curve for the year, say 2002 and let F’F’ be that for the year 2003. Since F’F’ is above FF at all levels of output of the two goods,…

1. Mention any three features of the National Rural Employment Guarantee Act, 2005.(i) The Act provides 100 days assured employment every year to every rural household in all over India. ADVERTISEMENTS: (ii) If an applicant is not provided employment within 15 days he or she will be entitled to a daily unemployment allowance.(iii) One third of the proposed jobs would be reserved for women.(iv) Central and state government will establish funds for the scheme.2. Describe in three points the poverty trends in India since 1973. ADVERTISEMENTS: (i) Substantial decline in poverty ratios in India from 55 percent to 36 percent in 1993 and 26 percent in 2000.(ii) The number of person living below poverty line has come down to 26 crore.(iii) The number of people below poverty line is still…

Do You Want To Learn The Skills Of Writing Effective Enquiry Letters? Yes, you are in the right page! Read the below given sample enquiry letters: 1. Letter Enquiring about Kitchen Installations 2. Letter Enquiring for Samples and Price List 3. Sample Letter Enquiring about Trade Terms 4. Status Enquiry Letter written by a Supplier to a Referee. 1. Letter Enquiring about Kitchen Installations From (Name) (Address) (Date)To (Company Name) (Address) (Date) ADVERTISEMENTS: Dear (Name)One of my friends has suggested your name as I am interested in kitchen installation in my house. We have a newly constructed house and want to install some latest cooking devices and cabinets in our kitchen. Therefore, I Would feels obliged if you send your latest illustrated catalogue and pricelist about kitchen cabinets and installations.…

Plants and animals, the backbone of agriculture have been a part of the human experience since the beginning of our time on earth, it is held that our earliest ancestors lived as nomads, but as their population grew, providing everyone with food became increasingly difficult and their movement slowed by the growing group, they chose to settle and the earliest societies were formed. Agriculture was created by these our early ancestors as the means of providing for themselves, the main thing they could not do as nomads.Agriculture represents a very important development in human history, considering the benefits agriculture and its products have brought us since then, it is arguable that we would have developed to this stage without our involvement in and development of agriculture. ADVERTISEMENTS: The most important…