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Marshall says “capital consists of all kinds of wealth other than free gifts of nature, which yield income”. Bohm-Bawerk defines it as ‘a produced means of production’. As said earlier, capital is a secondary means of production. It refers to that part of production which represents ‘saving used as investment’ in the further production process. […]
Labour is the active factor of production. In common parlance, labour means manual labour or unskilled work. But in Economics the term ‘labour’ has a wider meaning. It refers to any work undertaken for securing an income or reward. Such work may be manual or intellectual. For example, the work done by an agricultural worker […]
WHEN IT COMES TO naming the world’s greatest hits, seven seems like an awfully small number. Especially considering only one of the seven original, ancient wonders is still standing — the Great Pyramid of Giza. In 2007, a Swiss foundation put it to the public to nominate a new crop of modern wonders, seizing the […]
In ordinary sense ‘land’ refers to the soil or the surface of the earth or ground.But, in Economics, land means all gifts of Nature owned and controlled by human beings which yield an income. Land is the original source of all material wealth. The economic prosperity of a country depends on the richness of her […]
“Production is any activity diverted to the satisfaction of other people’s wants through exchange”. – J R Hicks Introduction: Production is a process of using various material and immaterial inputs in order to make output for consumption. Production process creates economic well-being.The satisfaction of needs originates from the output. Production is the result of cooperation […]
Price line or Budget line: Demand for a good depends upon (i) preference for that good and (ii) purchasing power. The preference pattern is represented by set of Indifference curves. The purchasing power depends on his money income and price of the goods.The money income and price level are represented by budget line. The budget […]
Nations are built by the imagination and untiring enthusiastic efforts of generations. One generation transfers the fruits of its toil to another which then takes forward the mission. As the coming generation also has its dreams and aspirations for the nation’s future, it therefore adds something from its side to the national vision; which the […]
Success does not mean the absence of failures. It means the attainment of ultimate objectives. It means winning the war, not every battle.- Edwin C Bliss The road to success is not a bed of roses. It is full of thorns, pitfalls and gins. Only those who wade through the hazards and hurdles with grit […]
அடுக்குவிதிகள்- laws of exponent அடுத்தடுத்த- alternate அடைத்தல் – packing அமைப்பு-patten அறிவியல் குறியீடு- scientific notation இணைக்கோடுகள்- parallels line’s இணைய வழி- online இயல் எண்- natural number இரண்டாம் நிலை தரவு- secondary data இலக்கங்கள்- digits உள்வட்டமையம்- incentre எதிர் விகிதம்- inverse proportion ஏறு/ உயர்வு /அதிகம்- increase ஒரு புள்ளி வழிச்செல்லும் கோடுகள்- concurrent lines ஒருங்கமைப் புள்ளி- point of concurrently கணக்கிடுத்தல்- calculation காரணி- […]
Basic Operations The basic arithmetic operations for real numbers are addition, subtraction, multiplication, and division. In basic mathematics there are many ways of saying the same thing: LEARNING OBJECTIVES Calculate the sum, difference, product, and quotient of positive whole numbers. KEY TAKEAWAYS Key Points The basic arithmetic operations for real numbers are addition, subtraction, multiplication, […]
That fifty-para paddy field is owned by someone in Vaikom. Kesavan Nair has been cultivating it for the last forty years. Before that, Kesavan Nair’s uncle was its cultivator. Some ten years ago, when paddy prices were as high as five to seven rupees a bushel, rich people from Changanassery and Thiruvalla, had come there […]
குதிரையேற்றம்- equestrian கதாநாயகன்- The hero முதலமைச்சர்- chief minister தலைமைப்பண்பு- leadership ஆதரவு- support வரி- Tax வெற்றி- victory சட்டமன்ற உறுப்பினர்- member of legislative assembly தொண்டு- charity தத்துவம்- philosophy நேர்மை- integrity பகுத்தறிவு- Rational சீர்திருத்தம்- Reform குறிகோள்- objective நம்பிக்கை- confidence முனைவர் பட்டம்- Doctorate வட்ட மேசை மாநாடு- round table conference இரட்டை வாக்குரிமை- double voting பல்கலைக்கழகம்- University ஒப்பந்தம்- Agreement அரசியலமைப்பு- constitution
Independence Day is celebrated annually on 15 August as a national holiday in Indiacommemorating the nation’s independencefrom the United Kingdom on 15 August 1947, the day when the provisions of the Indian Independence Act 1947, which transferred legislative sovereignty to the Indian Constituent Assembly, came into effect. India retained King George VI as head of […]
Powers of the Lok Sabha 1. The of Lok Sabha is the most powerful political institution which reflects the political, social and economic conditions of the country, holds highest responsibility and virtually represents the entire population. 2. The Lok Sabha is constituted with members elected directly by the people. These members represent the varied interests […]
The Vice-President of India is the ex-officio Chairman of the Rajya Sabha. The Chairman presides over the proceedings and regulates the Rajya Sabha. Except the Money/Financial Bill all other bills will be placed before the Rajya Sabha for discussion, questions, motions and resolutions under the rules of procedure and conduct of business. The functions of […]
The Rajya Sabha or the Council of States is called as upper house. It has a total number of 250 members including 238 from all the states and union territories and 12 members nominated by the President. The council of states Rajya Sabha is called as second chamber of the Parliament of India. The Rajya […]
The leader of the House of the People is the Speaker – who is elected by the Lok Sabha, from among its members. The Speaker’s duties are to conduct, facilitate the debates and discussions as well as the answers to questions, regulating the conduct of Members of the House and taking care of their privileges […]
The parliament has two houses and both houses carry the same values and responsibilities with a few exception such as passing the finance bills. The first one is the Lok Sabha (Lower House or House of People) with 543 members elected from 543 Parliamentary constituencies across the country directly by the people who have attained […]
The Parliament is known as Union Legislature or National Legislature, which is a supreme body of decision making and symbol of democratic governance. The Parliament is the most powerful platform with accountability for debating on the issues regarding welfare of the country and its people and enacting laws and making changes to the constitution. It […]
Introduction Legislature is one of most important institution for the functioning of representative democracy. The basic objective of the legislature is to hold its representatives accountable, responsible for the interest of the people in the country. Legislature is generally referred as the highest law-making body, having elected representation from all the constituents of the state […]