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...
EQUILIBRIUM AND DISEQUILIBRIUM OF BOP
BOP equilibrium : As it is known, BOP equilibrium is struck when current account balance ,capital account balance,errors and omissions are all equal to zero and there is no movement of official reserves of the central bank.
In the state of BOP equilibrium inward flow of foreign exchange is exactly equal to outward flow of foreign exchange.
BOP Disequilibrium: Disequilibrium in BOP is caused when the sum total of current account balance and capital account balance is not equal to zero,instead it is either positive or negative.If it is positive,it indicates surplus BOP.If it is negative,it indicates deficit BOP.It is caused due to the differences in the values of imports and exports.
Unfavourable or favourable BOP
•Balanced BOP -When total receipts of a country or exports are equal to its total payments or imports, it is said that the country has Balance BOP.
•Favourable BOP -When in order to balance the receipts and payments of a country receives gold from abroad ,then it's receipts are more than payment and BOP turns to be favourable.
•Unfavourable BOP -BOP is unfavourable when to Balance its receipt and payments,a country has either to give gold or indulge in short term borrowing from the abroad.
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