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...
Buying Oil in dollars helps U.S
Petrodollars is the specific name given to the system to exchange of oil for U.S dollars between countries that buy oil and those who are manufacturer of it.It was started by the U.S in the agreement with the Saudi Arabia.
•It helps in increasing the stability of oil prices denominated in U.S currency.
•Petrodollars recycling creates demand for the assets of U.S.
•It promotes non inflationary growth.
•It increases the borrowing costs for govt. Companies.
•It is referred to as the primary source of revenue for many OPEC members.
•It is also the source for oil exporters in Middle East, Norway,Russia.
•The purchasing ability of petrodollars relies on the currency of U.S.
•It creates surplus,which lead to increase the value of currency of U.S.
•Petrodollars are directly linked with the U.S currency and govt. Revenue.
•It helped the U.S in the financial market and gaining economic power.
•Due to this , it is being called as the most dominant country of the world.
•It allows the dollar to finance it's deficit account just by issuing dollar denominated assets at low rates.
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