PRIVATE SECTOR|| Indian economy

-

 the firms or enterprises owned by private individuals or entrepreneurs belong to private

sector and their basic function is production of output i.e. goods and services. To produce 

output, any enterprise will require certain inputs. An enterprise may require one input or it may require hundreds of inputs to produce the desired output. All the inputs that an 

enterprise may require are broadly divided into four categories i.e. entrepreneur, capital. 



natural resources and labour.Entrepreneur Profit Output Capital Goods & Services Interest Rent Wage Intermediate Final

Natural Resources (Rolled Steel)

(Land & Raw Material)

 Labour Consumption Capital Tractor)Durable Non-Durable Services 

 Life > 3 Yrs. Life < 3 Yrs Education.

 (TV, Car) (Clothes, burger).

Comments

Post a Comment

Popular posts from this blog

IN THE GRAVE.

-
Image
إِنَّا ِلِلَّٰهِ وَإِنَّا إِلَيْهِ رَاجِعُونَ Indeed, we belong to Allah, and indeed, to Him we...... When a believer dies 🌿seventy thousand angels participate in his funeral🍁 when he enters the grave📿 Munkir and Nakeer come to him and pose questions to him 🍁 they ask him #Who is your god? What is your religion? And who is your prophet? The believer replies: My Lord is Allah, my prophet is Muhammad, and my religion is Islam. At that moment the grave is expanded as far as the eye can see and the foods of Paradise will be brought there for him and the breeze of Paradise will welcome him.❤ It is this, which is mentioned in the Holy Quran: فَأَمَّآ إِن كَانَ مِنَ الْمُقَرَّبِينَ * فَرَوْحٌ وَرَيْحَانٌ وَجَنَّتُ نعِيمٍ 📿 If he is one of those drawn nigh (to Allah) then happiness and bounty and a garden of bliss (shall be his). (56:88-89). ☝وَتَصْلِيَةُ جَحِيمٍ👈 And burning in hell. (56:94) That is, in the hereafter, he would be consigned to Hell. .When the co...
Read more

Monopolistic Competition – definition, diagram and examples

-
Image
Definition:  Monopolistic competition is a market structure which combines elements of monopoly and competitive markets. Essentially a monopolistic competitive market is one with freedom of entry and exit, but firms can differentiate their products. Therefore, they have an inelastic demand curve and so they can set prices. However, because there is freedom of entry, supernormal profits will encourage more firms to enter the market leading to normal profits in the long term. A monopolistic competitive industry has the following features: Many firms. Freedom of entry and exit. Firms produce differentiated products. Firms have price inelastic demand; they are price makers because the good is highly differentiated Firms make normal profits in the long run but could make supernormal profits in the short term Firms are allocatively and productively inefficient. Diagram monopolistic competition short run In the short run, the diagram for monopolistic competition is the sa...
Read more

Explain INVESTMENT ||| Indian economy.

-
Image
INDIAN ECONOMY. That part of the final output which comprises of physical capital goods is called gross  investment. So, investment in a country is not measured as money put in a business or any  economic activity but it is basically that portion of the final output (GDP) which consists of  capital goods. Suppose there is only one factory (capital good) in a country, which is worth Rs. one lakhs  and is producing consumption goods worth Rs. 700 and capital goods worth Rs. 300 in a  particular year (say 2019-20) in an economy. This means that the GDP in 2019-20 will be  Rs. 1000 (which is the total production of both consumption and capital goods) and the  gross investment in the economy will be Rs. 300 or (Rs 300/Rs1000) 30%, as investment is  measured as the percentage of output which consists of capital goods. Now when the factory runs for a year then wear and tear happens in the factory which is  called depreciation...
Read more