26 Aug 2021: UPSC Exam Comprehensive News Analysis
August 26th, 2021, CNA:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related POLITY AND... View Article
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25 Aug 2021: PIB Summary & Analysis
TABLE OF CONTENTS 1. PRAGATI 2. MoU between ICAI and Institute of Professional Accountants of Russia (IPAR) 3. Fair and... View Article
What is the main source of human capital formation?
Investment in education is regarded as the main source of human capital formation. Also read: Difference Between Human Capital and... View Article
What are three major sources of human capital formation?
Three major sources of human capital formation are: Investment in health Investment in education On the job training Also read:... View Article
Who developed the theory of human capital?
The theory of human capital was developed by Gary Becker and Theodore Schultz. Both of them were economists at the... View Article
What is the main purpose of human capital formation?
The main purpose of human capital formation is to bring about a change in the productivity of the population of... View Article
What do you mean by returns to scale?
Returns to scale refers to the rate at which the output changes when there is a proportionate increase in all... View Article
When does increasing returns to scale occur?
Increase returns to scale occurs when the increase in output is more than the increase in input during the production... View Article
What is meant by increasing returns to a factor?
Increasing returns to a factor states that after reaching a certain capacity of utilisation, any increase in the factor of... View Article
What is meant by decreasing returns to a factor?
Decreasing returns to a factor states that after reaching a certain capacity of utilisation, any increase in the factor of... View Article
What are the 3 stages of returns?
The three stages of returns are: Increasing returns Diminishing returns Negative returns Also read: Returns to Scale The Law of... View Article
What is the difference between return to scale and return to variable factor?
Returns to the scale refers to the change in the output when all the factors of production are increased simultaneously... View Article
What is measured by the price elasticity of supply?
Price elasticity of supply measures the relationship between the change in quantity supplied with the change in price. Also read:... View Article
What are the determinants of elasticity of supply?
The determinants of the elasticity of supply are as follows: No. of producers Ease of switching Ease of storage Spare... View Article
Do perishable goods have higher elasticity of supply?
The supply of perishable goods cannot be increased or decreased as per will. Therefore, the supply of perishable goods is... View Article
What factors affect the price elasticity of demand?
The factors that affect the price elasticity of demand are as follows: Nature or type of good Availability of substitutes... View Article
What are the types of supply?
The types of supply are: Market supply Long term supply Short term supply Joint supply Composite supply Also read: Price... View Article
What happens when the value of price elasticity of supply is less than 1?
At values of less than 1 for price elasticity of supply, the supply is said to be inelastic. Also read:... View Article
Is the price elasticity of supply positive or negative?
Price elasticity of supply has positive values. Also read: Price Elasticity of Supply Income Elasticity of Demand Formula Elasticity of... View Article
What happens when the value of price elasticity of supply is more than 1?
When the value of price elasticity of supply is more than 1, the supply is said to be relatively elastic.... View Article
