While GDP is supply/producer side concept, GVA relates to demand/consumer side

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A False

Suggest Corrections

Similar questions

Q. Individual demand is a concept related to microeconomics, while market demand is a concept related to macroeconomics.

Q. Consumers and producers make their choices based on the market forces of demand and supply in _______.

Q. In which type of economy do consumers and producers make their choices based only on the market forces of demand and supply?

Q. Relations between the factory and the dealer are distant and usually strained as the factory tries to force cars on the dealers to smooth out production. Relations between the dealer and the customer are equally strained because dealers continuously adjust prices -make deals-to adjust demand with supply while maximizing profits. This becomes a system marked by a lack of long-term commitment on either side, which maximizes feelings of mistrust. In order to maximize their bargaining positions, everyone holds back information the dealer about the product and the consumer about his true desires. (2006)

The objective of the Agricultural Demand-side Management (AgDSM) programme is to reduce peak demand, shift the time during which electricity is consumed to off-peak hours by:

Join BYJU'S Learning Program