Skip to main content

Land utilisation

  LAND UTILIZATION  Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
Post a Comment

DEFINITION OF DEMAND

Definition of demand
Meaning : Demand is made to show the relationship between prices of a commodity and the amount of commodity which consumers want to purchase at those prices.
The process through which a consumer obtains the goods and services he wants ti cinsune is known ad demand.
Neccessity of demand
a) The price of commodity .
b) The amount of commodity the consumer or consumers are prepared to buy per unit of time.
c)A given time.
Features of demand
a)Difference between desire and demand :Demand is amount of commodity for which a consumer has willingness and ability to buy .There is difference between need and demand .Demand is not only the need, it also implies that the consumer has money to purchase it.
b)Relationship between demand and price : Demand is always at a price . Unless price is stated ,the amount demanded has no meaning .The consumer must know both the price and commodity and he will tell his amount demanded.
c)Demand at a point of time : The amount demanded must refer to some period of time such as 10 quintals of wheat per year. Not only this, the amount demanded and price must refer to a particular time .
Determinants of demand
a)Price of product
b)Buyer's income
c) Availability and price of substitutes and complementary
d)Weather condition 
e)Preferences of consumer
f)Season of the year
g)price of commodity
h) Availability of credit

Comments

Post a Comment

Popular posts from this blog

THE WORLD BANK

THE WORLD BANK Origin of the bank The International Bank for Reconstruction and Development (IBRD) or The World Bank was established in 1945 under the Bretton Woods Agreement of 1944 to assist in bringing about a smooth transition from a war time to peace time economy . Membership of the Fund The members of the International Monetary Fund are the members of IBRD. It had 180 members in 2015.If a country resigns its membership, it is required to pay back all the loans with interest on due dates. If the Bank incurs financial loss in the years in which member resigns, it is required to pay its share of loss on demand. Functions of the Bank a)To assist in the development of territories of its members by facilitating tthe investment of capital. b)To encourage the development of productive facilities and resources ib less development countries. c)To promote foreign investment by means of guarantees on participation in loans. d)To supplement private investment by providing finance for product...
Post a Comment
Read more

CONCEPT OF ECONOMICS

ECONOMY Economy refers to a system of a particular area that shows how people of the concerned area earn money. It shows the nature of all the economic activities in that area.  ECONOMICS Economics has been derived from Greek words i.e "Oekos" and "nomos" .The former means a house and the latter means to manage . By combining the both it means managing a houshold. It refers to the study of how society choose to enjoy scarce resources that have alternatives uses. In other words, it is a social science that focuses on management of scarce resources in such a manner that both individual and society can attain maximum benefit. ECONOMIC PROBLEM It is the problem of choice or problem of allocation of scarce resources to their best alternative uses.  It mainly arises out of the given two facts: a) Resources are scarce . b)Resources are unlimited and have alternative uses.  ECONOMIC ACTIVITIES These are those activities which are related to how one can make use of scarce re...
Post a Comment
Read more

COMPONENTS AND TYPES OF ECONOMICS

COMPONENTS OF ECONOMICS a) Consumption : The study of consumption and consumer behaviour relates to the study of consumer where he has to allocate his means (income) on the purchase of goods and services so that his satisfaction can be maximised. b) Production : The study of production or producer behaviour relates to the study of producer where he has to choose such combinations of diferent inputs within given price which are least expensive so that he is able to maximise his cost of production . Also , how he choose to produce those goods and services within given prices ,the production of which offers him maximum revenue, so that his profit can be maximised c) Distribution :The study of distribution relates to study of how income is distributed among those who are the agents of production. Here, the agents of production refers to the owners of factors of production. There are 4 factors of production : 1) Land   - The income is distributed to the owners of land(used in product...
Post a Comment
Read more