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Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The second quadrant is an e-content which could include e-books, illustrations, Case studies, Open source content, reference links, further reading sources, etc. [12] The third quadrant is about clearing students' queries where students can interact with each other and faculty; any student or faculty can answer a student’s question.
India – National Council Of Educational Research and Training (NCERT) digitized all its textbooks from 1st standard to 12th standard. The textbooks are available online for free. Central Institute of Educational Technology (CIET), a constituent Unit of NCERT, digitized more than thousand audio and video programmes. All the educational AV ...
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
An online system named ePathshala, a joint initiative of NCERT and Ministry of Education, has been developed for broadcasting educational e-schooling resources including textbooks, audio, video, publications, and a variety of other print and non-print elements, [18] ensuring their free access through mobile phones and tablets (as EPUB) and from ...
Economics classes make extensive use of supply and demand graphs like this one to teach about markets. In this graph, S and D refer to supply and demand and P and Q refer to the price and quantity. The following outline is provided as an overview of and topical guide to economics:
[12] An economic system possesses the following institutions: Methods of control over the factors or means of production: this may include ownership of, or property rights to, the means of production and therefore may give rise to claims to the proceeds from production. The means of production may be owned privately, by the state, by those who ...