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

FORMS OF MARKET-MONOPOLY

MEANING AND FEATURES OF MONOPOLY
Meaning of Monopoly : The word Monopoly is a Latin word . It is composed of two words -Mono which means single and poly which means seller. Thus, Monopoly is a form of market organisation for a commodity in which there is only one seller of the commodity. There is no close substitute for commodity sold by only seller and seller has full control over the supply of the commodity . Thus , the seller is the price - maker.
Features of Monopoly
a)One seller and large number of buyers : A Monopolist may be single seller of one product , a few partners or in the form of joint stock company. The monopolist is the firm as well as industry. No one buyer can influence the price by his individual actions.
b)No close substitute: Monopoly can exist only when there is no close substitute of a commodity . If not so, the monopolist cannot charge a price according to his own desire and thus, cannot be a price-maker.
c)Restriction on entry of new firms : In a Monopoly, there is a strict barrier on the entry of new firms. Monopolist faces no competition.Generally,there are patent rights or control over a technique or raw material.
d)Informative selling costs:In monopoly, selling costs are incurred is the beginning . These are done to give information to the buyer's about the product .
e)Nature of demand curve :Here the aggregate demand of all buyers of product of monopolist is his demand. The demand curve of individual slopes downward from left to right and so is with the Monopoly .
f)Full control over price:Being a single seller of product, a monopolist has full control over its price. Thus, a monopolist is a price maker,. He can fix whatever price he wishes to fix for his product.
g)Price discrimination:A monopolist may charge different price from different buyers. It is called price discrimination. Price discrimination refers to the practice of changing different prices from different buyers for the same good. 

Comments

Post a Comment

Popular posts from this blog

MAJOR ISSUES IN INDIAN ECONOMY

Major issue facing Indian economy Introduction - After independence, India made progess in political, economic, social fields but many problems like poverty, unemployment and inflation are yet to be solved. Meaning - Economy means a money framework in which all economic activities of a country are explained. Indian economy is a mix economy whereby both private and public sector plays its role. The root cause of the 3 problems namely poverty , unemployment and inflation is population explosion that is increasing at very fast speed. These three problems are major challenges for Indian economy. Poverty Poverty has attracted attention of economists, sociologists and educationists . It exists when one is not able to get the basic necessities of life - food ,clothes and shelter. It is condition of lower standard of living, inability of an individual to get minimum requirement of food , education and health. It further indicates 3 direction  a) Economic inequality b) Economic dependence ...
1 comment
Read more

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
Read more

BASICS OF MACROECONOMICS

Basics of Macroeconomics   a) Capital goods : Capital goods are described as fixed assets of producers which are used in the process of production for several years. Plant, heavy equipment, machinery are examples. b) Investment : Investment is a process of capital formulation also known as the process of increase in stock of capital .             I =∆k Where I is investment and ∆k refere to the change in capital stock during the year. There are two types of investment  Fixed investment refers to increase in stock of fixed assets of producers during the period of an accounting year .Plant ,machinery are some of its examples.It is also called as fixed capital formation. Inventory investment are those stock which keeps varying . At a point of time,producers have stock of finished goods ,semi finished goods or raw material . These are called as inventory investment. Change in the stock of these are called as inventory investment of producers. c) D...
Post a Comment
Read more