Which is the parameter for the economic development?
Per capita monetary income
Economic development focuses on improving the overall well-being of a population. Per capita monetary income directly reflects this by showing the average income per person. National income, while important, doesn't account for population size, making per capita income a better indicator. Similarly, per capita rural income only considers a subset of the population. Population alone doesn't indicate economic progress. Therefore, per capita monetary income offers the most comprehensive measure of economic development.
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Important Questions from Economics
RBI The sale of a bond by the United States to individuals or institutions results in a ______.
I. Shortage of stock
II. Shortage in money supply
In which city is the head office of the Insurance Regulatory and Development Authority of India (IRDAI) situated?
Which of the following statements are CORRECT for welfare economics?
A. Any competitive equilibrium leads to a Pareto efficient allocation of resources
B. Competitive equilibrium does not lead to Pareto efficient allocation of resources
C. Any efficient allocation can be attained by a competitive equilibrium given the market mechanism leading to redistribution
D. There will be no Pareto efficient allocation of resources in the society
Choose the correct answer from the options given below:
The persistent and appreciable full in level of prices and when the rate of change of price index is negative it is called as
Hindustan Fluorocarbons Ltd (HFL) is subsidiary company of _______.
