Market price and factor cost are two essential concepts in economics that shed light on different aspects of production, distribution, and pricing within an economy.
Tag:
UPSC
Q26. The object of the Butler Committee of 1927 was to
a) Define the jurisdiction of the Central and Provincial Governments
b) Define the powers
Q25. In the context of mitigating the impending global warming due to anthropogenic emissions of carbon dioxide, which of the following can be the potential
The factors of production are the essential resources that are combined in the production process to create goods and services.
Transfer payments are monetary transfers made by the government to individuals or households without receiving any goods or services in return
Q24. Consider the following statements:
The Factories Act, of 1881 was passed with a view to fix the wages of industrial workers and allow
Economy Notes
Gross Domestic Product (GDP) and Gross National Product (GNP) – UPSC Economy Notes
by Edukemy Team
GDP and GNP are two key economic indicators used to measure a nation’s economic performance. They provide different perspectives
Q23. Which of the following are the objectives of ‘National Nutrition Mission’?
To create awareness relating to malnutrition among pregnant women and lactating
Economic growth is a critical parameter that provides insights into the performance of an economy. It serves as a foundation for various government
Q22. It is possible to produce algae-based biofuels, but what is/are the likely limitation(s) of developing countries in promoting this industry?
Production
