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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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Significance of Balance of payments

SIGNIFICANCE OF BOP

a)BOP account highlights the economic state of a country.
b)It helps the country to build handsome reserves of foreign exchange.
c)It indicates high level of international demand for domestic goods and services.
d)It points to high level of production activity in domestic economy.
e)It suggest how to accelerate GDP growth..
f)It also suggests the course of action or measures that the planners and politicians must initiate to improve economic health of the country.
g)Changes taking place in the economy at different periods of time can be best reflected in its balance of payments position.
h) Statistics relating to balance of payments provide useful information for national planning.
i)It is helpful for the International financial organization.

FEATURES OF BOP

a) Systematic record: It is a Systematic record of all economic transactions between one country and the rest of the world.

b) Transactions:It includes all transactions,visible as well as invisible.

c) period of time:It relates to a given period of time. Generally,it us an annual statement.

d)Double entry system: It adopts double entry book keeping system . It has two sides- credit side and debit side.Receipts are recorded on the credit side and payments are recorded on the debit side.

e) Equilibrium,surplus,deficit: When receipts are equal to payments,the balance of payments is in equilibrium,when receipts are greater than payments ,there is surplus in BOP,when payments are greater than receipts,there is deficit in BOP.

f) Accounting sense:In accountable,total credits and debits in the BOP statement always Balance each other.

g) Adjustment of differences:Whenever ,there is difference in actual total receipts and payments ,need is felt for necessary adjustments.

h)Govt.or Non-Govt items:BOP include receipts and payments of all items Govt.and Non-Govt.

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