What are primary secondary and tertiary activities with example?
Primary Sector :- All those economic activities that are undertaken by directly using natural resources are included in primary sector. For example, minin...
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When did the US go off gold standard?
August 1971 Federal Debt Has Only Exploded Since. This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, Preside...
What impact do monsoons have on South Asia?
The summer monsoon is associated with heavy rainfall. As winter ends, warm, moist air from the southwest Indian Ocean heads towards South Asia; the summer...
What happened economically in the 1950s?
The Decade of Prosperity The economy overall grew by 37% during the 1950s. At the end of the decade, the median American family had 30% more purchasing po...
What are the causes of poverty in sociology?
And the person who is not meeting this requirement is treated under the category of absolutely poor people. HIGH POPULATION GROWTH RATE. INFLATION AND HIG...
Why is the allocation of resources in an economy considered inefficient?
“The allocation of resources is considered to be inefficient when the points of combination of allocated resources lie below or under the PPC curve. Produ...
Why do we need poverty alleviation programmes?
Several poverty alleviation programmes around the world affirm that socio-political inclusion of the poor and vulnerable, improvement of social security, ...
What is the relationship between ceteris paribus and a demand curve?
Demand curves relate the prices and quantities demanded assuming no other factors change. This is called the ceteris paribus assumption. What happens to d...
What are four major industries manufacturing in Washington state?
What Are The Biggest Industries In Washington? Food And Agriculture. Aerospace And Construction. Information And Communication Technology. Forestry. Trade...
What is the purpose of credit rationing?
Definition: The Credit Rationing is a measure undertaken by the central bank to limit or deny the supply of credit based on the investor’s creditworthines...
