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Answered on 23/04/2020 Learn Social science
Hina Sharma
In this situation, any exchange is yet to happen. But, we have found a coincidence where person A (Ramu) wants to sell shoes and needs rice and person B (farmer) who in turn wants to sell rice and needs shoes. This situation is defined as Double Coincidence of Wants (Option A)
RAMU → Shoes → Farmer
RAMU ← Rice ← Farmer
Answered on 23/03/2020 Learn Social science
Apoorva P.
Sustainable development is the development of the society to meet the human development goals, and without compromising on the need to balance the ecosystem and the environment.
It is essential to maintain and practice sustainable development because society is driven by needs and harming the balance of the environment and the ecosystem to fulfil their needs. For example, we are dependent on natural resources like fossil fuels to meet our fuel needs.
It is going to be extinguished in a couple of years and will take millions of years to restore. One main implication of following the unsustainable development is th climatic change global warming.
Having said that, sustainable development is not just about the environment. It also focuses on the human well being and ensuring a strong, healthy society. It simultaneously focuses on both the environment and society. The changes that we adhere to now will impact in the future. For example, Take a walk or cycle to the nearby shops or supermarkets, instead of taking your bike. This will save you money, fuel and also increases your body movement.
To practice sustainable development, it is essential to make the right decisions, as it will affect society. For example, depending on the imports for their food supply, instead of growing it, UK runs short on food supply.
Answered on 01/10/2016 Learn Social science
Hanamant Kullur
Stock Market Trader & Trainer with 11+ Years Experience
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Answered on 16/03/2020 Learn Social science
Charlie
Hidden unemployment or disguised unemployment is a kind of unemployment where some people seem to be employed but are not. This usually occurs when there is over-employment in a particular sector. This basically means that on paper you can show employment but in reality, too many have been hired to do a job that can be done by fewer people.
When people can’t find jobs that employ their skills or education to full capacity, they still have bills to pay, so they settle for lesser responsibilities, known as “underemployment.”
For example, in the rural areas per agricultural sector, where ten members of a farmer family are employed on small farm plots when five are enough. Those extra 5 members are unemployed rather than being employed.
Another example is if you have one cow, you ideally need one person to milk it. If you hire 10 people to milk one cow, you just created disguised unemployment.
Answered on 03/10/2016 Learn Social science
Tarique Jilani
Mathematician
Answered on 23/03/2020 Learn Social science
Apoorva P.
Double coincidence of wants occurs when two individuals swap their goods, in exchange for one another. This is also referred to as the 'perfect barter exchange'. In such cases, both the individuals are happy to exchange their good or commodities.
For example, if two individuals want to exchange and place on a loaf of bread and a bag of apples, then this is known as double coincidence of wants. This results in an efficient transaction between the two individuals.
These types of transactions were practised during the barter economy system (cashless system), where two people had to swap each other's goods or commodities in exchange for one another. This type of system had its own limitations and drawbacks. One of the main limitations was that two people should have goods that they're willing to exchange.
For example, a loaf of bread cannot be exchanged for a bicycle because it would be no good. Then, there is no double coincidence of wants. However, if you can swap a loaf of bread for a bag of apples, then it satisfies the double coincidence of wants.
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Answered on 20/03/2020 Learn Social science
Charlie
Interstate disparities in layman’s terms are the proportion of poor people of one particular geographical boundary or State is not the same in other States as well. In other words, the amount of poor people is not the same as other states.
In India, it is recorded that Orissa and Bihar are the two states which are the poorest with poverty ratio of 47 and 43%. There is however a decline in the rate of poverty in the states of Kerala, Jammu and Kashmir, Andhra Pradesh, Tamil Nadu, Gujarat, West Bengal, Punjab and Haryana.
Hope this helps
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Answered on 23/03/2020 Learn Social science
Apoorva P.
Fair price shop is the shops that distribute commodities like rice, wheat etc. as a part of the public distribution system. They're generally the stores o shops that sell daily commodities like wheat, rice, corn etc. for a lesser price. They're also called the ration stores. These shops or stores are mainly found in the semi-urban and rural areas of the country. They were mainly established to serve and help the backward and the poor classes of society.
The commodities distributed by these shops are usually from the government. The government buys these goods directly from the farmers and sells it to the shops for half price so that people can buy it at a lower price.
The main advantage of these kinds of shops is that the prices never increase or decreases. This is beneficial for the backwards class, so they get the commodities at a lesser price.
In recent times, the government has recommended the use of a biometric system for the FP's. This will ensure that everyone gets the necessary items and also prevent it from being sold in the black market.
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Answered on 04/10/2016 Learn Social science
Richa Saraf
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Answered on 20/03/2020 Learn Social science
Charlie
To be putting it more straightforwardly, non-economic activity is performed with the aspect of using services to others without considering to any financial gain. These are the activities that are initiated for personal content or to meet the sentiments of people that are deemed to be non-productive or non-economic activity.
Some of the non-economic activity are such as the things one would do in their free time as in acquiring pleasure time to pursue their hobbies like painting and singing etc
The activities with one’s own family as in spending quality time with the family is a non-economic activity.
Worshipping God and visiting temples comes under the cultural and religious aspect of the non-economic activity. Adding to this, the factor of helping the needful by donating for charity and even participating for relief camps like blood donation is a part of social welfare activities that are known to be apart of a non-economic activity.
Hope this helps
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