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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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Current account deficit

CURRENT ACCOUNT DEFICIT 
A current account deficit means that the value of goods and services ported is greater than the value of exports.

It is helpful to the borrowing nation in short run .

Foreigners are willing to pump capital in account deficit ,which drives economic growth.

It is a sign of competitiveness in the international level.

In exchange rate market , current account deficit put downward pressure on currency.

It enables higher level of consumption.

BALANCE OF PAYMENT Balance of payments refers to the statement of accounts recording all monetary (arising out of export and import of goods and services, international sale and purchase of assets) transaction of a country with the rest of world. In other words, Balance of payments of a country is a systematic record of all economic transaction between it's residents and residents of foreign countries.

 Components of BOP - It is split broadly into two categories: a)Current account b)Capital account 
Current account records exports(X) ,imports(M) of goods and services as well as invisibles. 
Capital account is that account which records all such transactions between residents of a country and rest of the world .  capital account shows net change in ownership of assets between one country and rest of the world .

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