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

CREDIT CONTROL

Credit control

Meaning of credit control
Credit control is the regulation of credit by Central Bank for achieving some definite objectives. Changes in the volume of credit influence the level of business activity and price level in the Economy. It becomes necessary for the central bank to keep the creation of credit under control in order to maintain stability in the economic system.

Objectives of credit control
a)Price stability :Price stability is the important objective of credit control policy. The central bank by regulating supply of credit in accordance with the commercial needs of the people ,can bring about the price stability in the country.
b)Economic stability :Operation of business cycle brings instability in capitalist economy. The objective of credit control policy of central bank should be to eliminate cyclical fluctuations and ensure economic stability in the Economy.
c) Employment maximisation : Economic stability with full employment and high performance capital income gas been considered as an import objective of credit control policy of the country.
d)Economic growth : Underdeveloped countries generally suffer from the deficiency of financial resources. Hence,the central banks in these countries should solve the problem of financial scarcity through planned expansion of bank credit.
e)Money market stability :Stabilization money market reduces the fluctuations in the interest rates to the minimum.Credit control should be exercised in such a way that equilibrium in the demand and supply of money should be achieved at all times.
f) Exchange rate stability :Instability in the exchange rates is harmful for foreign trade of the country. Thus,the central bank,in the countries largely dependent upon foreign trade should attempt to eliminate the fluctuations in the foreign exchange rates through its credit control policy.

Comments

Post a Comment

Popular posts from this blog

Investment Multiplier

INVESTMENT MULTIPLIER The number of times by which the increase in ∆Y exceeds the increase in investment is called as Investment Multiplier.  Investment Multiplier or output multiplier refers to the number of times by which the increase in output/income ∆Y exceeds the increase in investment ∆I. It is measures as the ratio between change in output /income and change in investment.                                      k = ∆Y / ∆I Where k is the multiplier. Relationship between Multiplier and Marginal propensity to consume (MPC) There is direct relationship between Multiplier and MPC . Higher the value of MPC ,higher the multiplier .                   K =1 / 1- MpC This is because of the given reasons : a)Additional investment means additional expenditure in the economy, additional expenditure means additional income . b) Higher the value of MPC ,...
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

Tokenization

Tokenization  Tokenization is the process of turning sensitive data into non-sensitive data called "tokens" that can be used in a database or internal system without bringing it into scope.  •It can be used to secure sensitive data by replacing the original data with an unrelated value of the same length and format.  •The tokens are then sent to an organization’s internal systems for use, and the original data is stored in a secure token vault. •The purpose of tokenization is to swap out sensitive data—typically payment card or bank account numbers—with a randomized number in the same format but with no intrinsic value of its own. •Tokenization is the process of removing sensitive data from your business systems by replacing it with an undecipherable token and storing the original data in a secure cloud data vault.  Token will be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation of a card and p...
Post a Comment
Read more