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Showing posts from August, 2023

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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Agricultural productivity

AGRICULTURAL PRODUCTIVITY   Agricultural Productivity of both land and labour is low in India. There are variations in productivity within the country and it is also low if compared to other countries of the world . It also provides that what measures should be adopted to improve the productivity of food and non-food crops and what measures are being adopted by the govt. to improve the productivity. CAUSES OF LOW PRODUCTIVITY IN AGRICULTURE   Millions of people still suffer from malnutrition and under nutrition which leads to starvation. There is no single reason for low productivity in agriculture in India. The causes of low productivity are as follows : (A) General Causes 1.Excessive Pressure of population on land . The heavy pressure of population on land is caused by the limited growth of employment opportunities in the non-agricultural sector for rural people and rapid growth of rural population. In 2011, about 52 percent of the population were employed in the agricu...
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Agriculture and economic development

  Meaning of agricultural economics: Agricultural economics is that branch of knowledge which ties agriculture and economics together. It is an applied phase of the social science of economics in which attention is given to all aspects of problems related to agriculture. It is a social science concerned with the allocation of scarce resources among the users associated with producing , processing and consuming the farm products. According to Prof. Gray," Agriculture economics may be defined as the science in which the principles and methods of economics are applied to the special conditions of agriculture industry." Agriculture economics as a science Agricultural economics as an applied science which is mainly concerned with economic problems that are associated with farmers effort to make a living. Their problems  are numerous and varied in character but can be grouped under three main heads; (i) Production (ii) Marketing and (ii) Financing. It helps the farmer in deciding a...
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BASICS OF MACROECONOMICS

Basics of Macroeconomics   a) Capital goods : Capital goods are described as fixed assets of producers which are used in the process of production for several years. Plant, heavy equipment, machinery are examples. b) Investment : Investment is a process of capital formulation also known as the process of increase in stock of capital .             I =∆k Where I is investment and ∆k refere to the change in capital stock during the year. There are two types of investment  Fixed investment refers to increase in stock of fixed assets of producers during the period of an accounting year .Plant ,machinery are some of its examples.It is also called as fixed capital formation. Inventory investment are those stock which keeps varying . At a point of time,producers have stock of finished goods ,semi finished goods or raw material . These are called as inventory investment. Change in the stock of these are called as inventory investment of producers. c) D...
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Important terms

Tariff rate quota Quota means quantitative barriers generally in terms of imports.  TRQ is a quota for imports that enter India at a specified tariff /port duty. After the quota is reached, a higher tariff applies on additional imports.  Safeguard mechanism Safeguard mechanism allows trade partners in an FTA to raise tariffs temporarily to deal with import surger or price falls. The additional duty raised/imposed is called safeguard duty. Soft landing Soft landing means RBI will try to reduce liquidity in the economy which it had earlier pumped to support growth in covid times but very cautiously otherwise economic recovery could get impacted in light of omricon.  Inflation control Price stability demands liquidity control and growth demands more liquidity. Hence, RBI need to trade cautiously between price stabity and growth.
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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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