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...

Types of consumer

MEANING OF CONSUMER

Consumers : consumers are those persons who consumes goods and services directly or indirectly to Maximize his wants. In other words , consumers consumes products and services produced by the producers just to have to maximum level of satisfaction from the product out of his level of income.

12 types of consumers in the market
Seasonal consumers : Seasonal consumers are those consumers who buys goods and services on the seasonal basis. For example umbrellas during rainy day.

Organizational consumers:These are those consumers who purchases goods and services for the organization or government ,they have been working for.

Impulse buyers :These are those consumers who does not any plan of buying the products initially but they just go for it as unplanned decision.For examples toffee near check out counter.

Need based consumers :These are those type of consumers who purchases the goods only when they feel for the need of particular product.For example bulb when it is fused.

Discount driven consumers :These are those consumers who initially doesnot engage in any kind of buying act but react when they hear about the discount offer in the market.

Habitual consumers: Habitual consumers are those consumers who have been addicted to particular thing . They purchases goods out of their habit . For example, alcohol ,if a person is alcoholic.

Luxury good consumers:These are those consumers who are strongly addicted to luxurious lifestyle. The purchase brands or luxurious items for maintaining their standard and lifestyle.

Direct consumers :Direct consumers are the producers who produces goods and services for  themselves in the initial stage . Producers are called as the direct consumers as they produces all the basic necessities like food,clothing or housing for themselves .

Bartered consumers:Bartered consumers are those producers who produces goods and services in the surplus and after the personal use , they just sell the remaining quantity in the exchange of goods and services they need to the person who are in need of the product ,producer is selling.

Modern consumers:Modern consumers are those consumers who engage in buying activities only . These consumers directly buys goods and services from the market  through money for their own personal use.

Loyal consumers: Loyal consumers are those consumers who have given the commitment of buying the particular product in the past and in future they just go for it out of loyalty. These consumers make majority of profit to the producers.

Discretionary spending consumers : These are those consumers who have distinct purchasing habits. For teens teens spends money more on food, games,electronics.

Comments

Popular posts from this blog

Factors of production

Factors of production  The factors of production viz. land, labour, capital and management when combined in proper proportion and then used wisely can help to achieve higher level of efficiency in farming business. Use of any resource beyond its capacity can result in its rapid depletion and deterioration which may cause severe damage to sustainability of farming. Similarly, under utilization of resources or misutilization of resources may result in high cost of production and thus lower the efficiency of agriculture.  Contribution of Land in agricultural development Land in agriculture may  be used in a restricted sense though is complex and affects agriculture in several ways. It is essential for the habilitation of human beings and other living creatures. It is required for agricultural operation ,development of industries, growth of forest, building, road and rail transportation system on its surface. The contribution of land in agricultural development can be judged ...

FUNCTIONS OF MONEY

FUNCTIONS OF MONEY Various functions of Money can be classified into three broad groups: a) Primary functions b) Secondary functions c) Contingent functions d) other functions Primary functions   a) Medium of exchange : Money must be commonly accepted by the people in exchange of goods and services to be successful medium of exchange.Money benefits the society in number of ways as a medium of exchange. -It offers sales and purchases through money. -It promotes transactional efficiency. -It allows freedom of choice . b) Measure of value : Money serves as common measure of value in terms of which value of all goods and services is measured and expressed. It has made transactions easy and simplifies the problem of measuring and comparing prices of goods and services. c) Unit of account : As a unit of account, it helps in developing an efficient accounting system . It provides basis for keeping account ,estimating national income,cost of a project etc. Secondary functions a) Standar...

Role of capitalism

ROLE OF CAPITALISM IN DEVELOPING ECONOMY Capitalism is that part of the economics where there is no role of government agencies. The sole supe power of capitalism is in the hands of private owners. This means that if private is working on the behalf of government, instead of social welfare, their main objective is to have profits. Features Lack of intervention of government. Role of private firms. Role of price mechanisms. Advantages Encourages innovation Efficient firm incentives Consumers can choose services of their choice. Prevents government from interrupting. Creates climate of innovation and economic expansion. Helps in increasing GDP. Disadvantages Firms can gain monopoly power. Externalities damages the environment. Prone to boom and bust in the economic cycles. Inequality creates social division. Capitalist market crashes causes economic downturn , uneven business cycles. There is difficulty in mobilising unprofitable sector into profitable sectors. By taking advantage of poo...