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In view of the scarce resources, the question of whether all available resources are fully utilized is an important one. A community should achieve maximum satisfaction by using the scarce resources in the best possible manner—not wasting resources or using them inefficiently. There are two types of employment of resources: Labour-intensive
On 12 April 2018, the police said that Rakesh Kumar, who leaked the class 12 economics paper, had leaked class 10 mathematics paper also. [40] Consequently, the Central Board of Secondary Education has put in place a system of "encrypted" question papers, which are supposed to be printed by the schools half an hour before the exam starts. [41]
The 2025 CBSE board examination for Class 10 were held from 15 February till 18 March and from 15 February till 4 April for class 12. The usual starting time for each exam was 10:30 am but depending on the length and/or maximum marks for the subject, the finishing time was either 12:30 pm (2 hours, shorter exams, usually 40-50 marks) or 1:30 pm ...
In 2021, due to the COVID-19 crisis, the secondary school exams for classes X and XII had been cancelled. [ 9 ] In Academic Year (2021–2022) Central Board of Secondary Education (CBSE) Announced That Board Examinations of Class 10th and 12th will be conducted in two terms, the first term in November–December 2021 and second term in April ...
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
It answers the question "At any given price level, what is the quantity of goods demanded?" The graphic model shows combinations of interest rates and output that ensure equilibrium in both the goods and money markets under the model's assumptions. [49]
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In economics, elasticity measures the responsiveness of one economic variable to a change in another. [1] For example, if the price elasticity of the demand of a good is −2, then a 10% increase in price will cause the quantity demanded to fall by 20%.