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...

Demand pull,cost push inflation

DEMAND PULL INFLATION:

Demand pull inflation is a phenomenon which happens when demand surpasses supply which further leads to higher prices as a result. When the aggregate demand in the economy strongly outweighs aggregate supply ,it causes rise in prices.

It is upward pressure on prices.

It leads to unemployment rate because it can cause inflation.

It increases government spending but can lead to scarcity.

Rise in exports can lead to undervaluation.

COST PUSH INFLATION:

Cost push inflation is a phenomenon which occurs when the overall prices increases due to increase in cost of wages and raw materials.

Higher cost of production decreases aggregate supply in the economy.

Demand for affected product must be constant during the production cost changes are occurring.

Producers raise the prices to consumer to maintain profit levels.

natural disaster can cause cost push inflation.

Change in govt. Or regulation of govt can cause cost push inflation

Comments

Popular posts from this blog

THE WORLD BANK

THE WORLD BANK Origin of the bank The International Bank for Reconstruction and Development (IBRD) or The World Bank was established in 1945 under the Bretton Woods Agreement of 1944 to assist in bringing about a smooth transition from a war time to peace time economy . Membership of the Fund The members of the International Monetary Fund are the members of IBRD. It had 180 members in 2015.If a country resigns its membership, it is required to pay back all the loans with interest on due dates. If the Bank incurs financial loss in the years in which member resigns, it is required to pay its share of loss on demand. Functions of the Bank a)To assist in the development of territories of its members by facilitating tthe investment of capital. b)To encourage the development of productive facilities and resources ib less development countries. c)To promote foreign investment by means of guarantees on participation in loans. d)To supplement private investment by providing finance for product...

CONCEPT OF ECONOMICS

ECONOMY Economy refers to a system of a particular area that shows how people of the concerned area earn money. It shows the nature of all the economic activities in that area.  ECONOMICS Economics has been derived from Greek words i.e "Oekos" and "nomos" .The former means a house and the latter means to manage . By combining the both it means managing a houshold. It refers to the study of how society choose to enjoy scarce resources that have alternatives uses. In other words, it is a social science that focuses on management of scarce resources in such a manner that both individual and society can attain maximum benefit. ECONOMIC PROBLEM It is the problem of choice or problem of allocation of scarce resources to their best alternative uses.  It mainly arises out of the given two facts: a) Resources are scarce . b)Resources are unlimited and have alternative uses.  ECONOMIC ACTIVITIES These are those activities which are related to how one can make use of scarce re...

COMPONENTS AND TYPES OF ECONOMICS

COMPONENTS OF ECONOMICS a) Consumption : The study of consumption and consumer behaviour relates to the study of consumer where he has to allocate his means (income) on the purchase of goods and services so that his satisfaction can be maximised. b) Production : The study of production or producer behaviour relates to the study of producer where he has to choose such combinations of diferent inputs within given price which are least expensive so that he is able to maximise his cost of production . Also , how he choose to produce those goods and services within given prices ,the production of which offers him maximum revenue, so that his profit can be maximised c) Distribution :The study of distribution relates to study of how income is distributed among those who are the agents of production. Here, the agents of production refers to the owners of factors of production. There are 4 factors of production : 1) Land   - The income is distributed to the owners of land(used in product...