Search results
Results from the WOW.Com Content Network
The rural SEC grid, which uses education and type of house (pucca, semi-pucca, and kaccha) as measures of socio-economic class, and segments rural India into 4 groups (R1, R2, R3, R4) This is based on the assumption that higher education leads to higher income thus higher consuming potential. But that this may not always be true.
There are several basic questions that must be answered in order for an economy to run satisfactorily. The scarcity problem, for example, requires answers to basic questions, such as what to produce, how to produce it and who gets what is produced. An economic system is a way of answering these basic questions and different economic systems ...
The NS-SEC is a nested classification. It has 14 operational categories, with some sub-categories, and is commonly used in eight-class, five-class, and three-class versions. [5] Only the three-category version is intended to represent any form of hierarchy. The version intended for most users (the analytic version) has eight classes:
The Census 2011 recorded 11.65 lakh rural houseless people, while in SECC their numbers were only 6.1 lakh. The provisional rural data of SECC 2011 shows Scheduled Castes at 18.46% (or 15.88 crore), Scheduled Tribes at 10.97% (9.27 crore), Others at 68.52%, and 2.04% (or 36.57 lakh) as “No Caste & Tribe” households.
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 ...
[2] [5] However, SES is more commonly used to depict an economic difference in society as a whole. [6] Socioeconomic status is typically broken into three levels (high, middle, and low) to describe the three places a family or an individual may fall into. When placing a family or individual into one of these categories, any or all of the three ...
Countries closest to the axis in the left bottom have the highest levels of socio-economic equality and socio-economic mobility. In 2012, a graph plotting the relationship between income inequality and intergenerational social mobility in the United States and twelve other developed countries—dubbed "The Great Gatsby Curve" [ 40 ] —showed ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".