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प्रश्न
State with reasons whether you agree or disagree with the following statement:
Value-in-use and Value-in-exchange are the same
विकल्प
Agree
Disagree
उत्तर
No, I do not agree with this statement.
Reasons:
(1) Value-In-use refers to the utility of the commodity in day to day life. Whereas value-inexchange refers to the worth of commodity expressed in terms of price.
(2) Commodities like water, air are highly essential for human life. Thus, these commodities have high value-in-use. But as these commodities are available on a large scale. 80 they have low value-in exchange.
(3) Commodities like gold, diamonds are not very essential for human life. Thus, these commodities have less value-in-use. But as these commodities are available on a small scale or scarce they have high value-in-exchange. Therefore, Value-in-use and value-in-exchange are two different concepts.
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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 : __________
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Physics :______________ : : Psychology : Social science
Complete the correlation :
Necessity :______________ : : Comforts : Washing machine
Complete the correlation :
Free goods : Value-in-use : : Economic goods :______________
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A study of the annual income of the family of Ramesh.
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As per the data for financial year 2018-19, the country's production of goods and services increased by 20%
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Karuna's mother saves 1000/- every month out of her given salary.
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Explain the features of wealth.
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.
Explain the basic concepts of macro economics.
