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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...
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LAW OF DIMINISHING MARGINAL UTILITY

Law of diminishing marginal utility
Assumptions
a) The units of commodity used for consumption should not be differ in respect of size and quality.
b)The commodity units should not be very small. Example - milk should be in glass not in spoons .
c)Consumption must be continuous.
d)No change in mental condition of the consumer during consumption.
e)Fashion or taste remains the same .
f)The price of the commodity should be same.
Exceptions or limitations
a)The law does not apply to rare things like old coins,rare paintings etc.
b)This law does not apply to things which satisfy consumer's taste for display of his wealth like jewellery.
c)This law does not apply to public goods such as telephones.
d)This law does not apply to intoxicants like liquor,drugs.
e)This law does not apply to good books ,music,poetry etc .
f)This law does not apply to the consumer who consumed goods for the first time.
Importance
a)This law is the basis of law of demand because law of demand is in existence because of diminishing utility of commodity as consumer purchases more of it.
b)This is basis of consumer's surplus because he purchases as many units of commodity the marginal utility of which is equal to price.In this way consumer obtains some surplus utility from earlier units.
c)This law supports for provisions  of variety for consumers that adds to consumer's satisfaction.
d)This law induces the consumer to maximize his utility.

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