Essentials of Economics |
Contents
national income or national dividend 3 The agency of distribution | 4 |
sumption 3 Kinds of Consumption 4 Importance and Scope | 7 |
Welfare 6 Hours of work 7 Employment of young | 15 |
Copyright | |
35 other sections not shown
Common terms and phrases
advantages agriculture amount Amritsar annas Bihar Bombay central bank cheque coin commodity competition consumers consumption cost of production cotton crores cultivation currency curve demand depends Diminishing Returns distribution division of labour dose economic efficiency elastic employment enterprise entrepreneur exports factors of production fall foreign functions gold Government higher human wants important income increasing returns index number indirect taxes individual industries international trade irrigation jute labour and capital land large number large scale production Law of Diminishing laws of return machinery manufacturing marginal cost marginal productivity marginal utility maunds means ment modern monopoly nature operation paid payment population profits Punjab purchase quantity rate of interest raw materials regarded rent revenue rise rupee scarcity rent society standard of living supply surplus tion token coin transport unit value of money various village wages wealth wheat workers