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In the year 2000–2001, per capita income in Assam was INR 6,157 at constant prices (1993–94) and INR 10,198 at current prices, which is almost 40 percent lower than that in India. [12] According to the recent estimates, [ 10 ] per capita income in Assam at 1993-94 constant prices has reached INR 6520 in 2003-2004 and INR 6756 in 2004–2005 ...
A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [24] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called ...
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service.Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.
In economics, a price mechanism refers to the way in which price determines the allocation of resources and influences the quantity supplied and the quantity demanded of goods and services. The price mechanism, part of a market system , functions in various ways to match up buyers and sellers: as an incentive, a signal, and a rationing system ...
Procyclical has a different meaning in the context of economic policy. In this context, it refers to any aspect of economic policy that could magnify economic or financial fluctuations. Of course, since the effects of particular policies are often uncertain or disputed, a policy will be often procyclical, countercyclical or acyclical according ...
The Protected Tribal Belts and Blocks in Assam, India are certain regions which was regulated under Chapter 10 of the Assam Land and Revenue Regulation Law, 1886 by the British Government [1] as Belts and Blocks which was later on implemented by the Assam Government in 1947 by Gopinath Bardoloi, the first Chief Minister of Assam and subsequently by later Governments in power to protect the ...
The Assam Accord agreed to protect Assamese cultural, economic and political rights. It was signed after six years of Assam Movement.. The Assam Accord was a Memorandum of Settlement (MoS) signed between representatives of the Government of India and the leaders of the Assam Movement. [1]
Asymmetric price transmission (sometimes abbreviated as APT and informally called "rockets and feathers" , also known as asymmetric cost pass-through) refers to pricing phenomenon occurring when downstream prices react in a different manner to upstream price changes, depending on the characteristics of upstream prices or changes in those prices.