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The total value produced by the economy is the sum of the values-added by every industry. The expenditure method is based on the idea that all products are bought by somebody or some organisation. Therefore, we sum up the total amount of money people and organisations spend in buying things. This amount must equal the value of everything produced.
G-11 [5] The concept of limiting factors is based on Liebig's Law of the Minimum, which states that growth is controlled not by the total amount of resources available, but by the scarcest resource. In other words, a factor is limiting if a change in the factor produces increased growth, abundance, or distribution of an organism when other ...
Pakistan's principal natural resources are arable land and water. About 25% of Pakistan's total land area is under cultivation and is watered by one of the largest irrigation systems in the world. Pakistan irrigates three times more acres than Russia. Pakistan agriculture also benefits from year-round warmth.
Total coal resources- 12.95 million tonnes; Production- (2003–04) 56,132 tons; Nowshera (Shaidu, Khawrai, Pethawo area) oil and gas resources available; Shahrig. Coal field location- 160 km north-east of Quetta; Type of Coal- Sub Bituminous B to heavy volatile Bituminous-A; Total coal resources- 28.97 million tonnes; Production- (2003–04 ...
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [2] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [2]
Variable inputs are inputs whose use vary with output. Conventionally the variable input is assumed to be labor. [5] Total variable cost (TVC) is the same as variable costs. [5] Fixed cost (TFC) are the costs of the fixed assets those that do not vary with production. [6] Total fixed cost (TFC) Average cost (AC) are total costs divided by ...
Scarcity rent is one of two costs the extraction of a finite resource imposes on society. The other is marginal extraction cost--the opportunity cost of resources employed in the extraction activity. Scarcity rent is the cost of "using up" a finite resource because benefits of the extracted resource are unavailable to future generations.
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [2] set at Rs.