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प्रश्न
Explain the features of wealth.
उत्तर
The features of wealth are as follows:
- Utility: The commodities that have the capacity to satisfy human wants are included in wealth. For example, furniture, refrigerator, etc.
- Scarcity: The commodities Which are limited (scarce) in supply in relation to their demand are included in wealth. For example, all economic goods for Which prices are paid are wealth.
- Transferable: The commodities which are transferable are included in wealth. It should be possible to transfer commodities from one person to another person and from one place to another place. For example, vehicles, jewellery, etc.
- Externality: The commodities that are external to the human body are included in wealth, for example, bag, chair, goodwill of a company. etc. are external to the human body and therefore are wealth.
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संबंधित प्रश्न
Choose the correct option :
Statements related to wealth
a) Wealth means anything which has market value and can be exchanged for money.
b) It is external to human being.
c) Wealth has no utility.
d) Wealth is scarce and exchangeable
Choose the correct option :
Aspects considered in National Income :
a) Final goods and services are included in national income.
b) Produced goods and services in a financial year are included in national income.
c) Double counting is avoided.
d) Value is considered as per market price
Complete the correlation:
Natural sciences : Exact sciences : : Social sciences : __________
Complete the correlation:
Physics :______________ : : Psychology : Social science
Complete the correlation :
Necessity :______________ : : Comforts : Washing machine
Complete the correlation :
Free goods : Value-in-use : : Economic goods :______________
Identify and explain the concept from the given illustration:
My father purchased a two wheeler vehicle. This helps to fulfil my travel needs.
Identify and explain the concept from the given illustration:
A study of the annual income of the family of Ramesh.
Identify and explain the concept from the given illustration :
As per the data for financial year 2018-19, the country's production of goods and services increased by 20%
Identify and explain the concept from the given illustration :
Karuna's mother saves 1000/- every month out of her given salary.
Identify and explain the concept from the given illustration :
Ram's father utilized his provident fund amount to set up grocery store
Explain the characteristics of human wants.
State with reasons whether you agree or disagree with the following statement:
All wants can be satisfied at a time.
State with reasons whether you agree or disagree with the following statement:
Human wants change as per the seasons and preferences.
State with reasons whether you agree or disagree with the following statement:
Value-in-use and Value-in-exchange are the same
Explain the basic concepts of macro economics.
