9) What is meant by perishable goods in economics ?
10) What is meant by Giffen goods.
11) Define supply.
12) What is variable cost ?
13) What is price taker ?
14) When was the public works department set up in India ?
15) Give the meaning of Privatisation.
Answers
11) Define supply.9) What is meant by perishable goods in economics ?10) What is meant by Giffen goods.The basic appointment letter will consist of Name, date of commencement, date of joining, job location,appointment letter formatIndia's first prime minister—Jawaharlal Nehru—took oath on 15 August 1947. Nehru went on to serve as prime minister for 17 consecutive years, winning four general elections in the process. His tenure ended in May 1964, on his death.how is the first prime minister in indiaMr.shah has taught account . change the voice.essay on post corona world CRISIS AS AN INTERDISCIPLINARY CHALLENGE
by Véronique Zanetti (ZiF Bielefeld, Germany), G. Ary Plonski (UBIAS, IEA São Paulo, Brazil) and Britta Padberg (ZiF Bielefeld, Germany) | Originally posted on the blog Interdisciplinarity
Heavily shaken by the corona pandemics many of us are currently thinking about how we could contribute to overcome this unprecedented situation. The COVID-19 crisis not only challenges disease control and crisis management, but may also have long-term and far-reaching impacts on states, societies and international cooperation. There are increasing indications that the world will look different after the crisis and that globalization will be questioned in many areas. According to these observations, the COVID-19 crisis would mark a turning point. In times of deep uncertainty, science is asked to look to the future and to flank a rational discourse about how to react to the current global crisis, and therefore now better cope with other tantamount global challenges such as the climate change.
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Answer:
9) A perishable good is any product in which quality deteriorates due to environmental conditions through time, such as meat and meat by-products, fish and seafood, dairy products, fruit and vegetables, flowers, pharmaceutical products, and chemicals.
10) A Giffen good is a low income, non-luxury product for which demand increases as the price increases and vice versa. ... Demand for Giffen goods is heavily influenced by a lack of close substitutes and income pressures. Veblen goods are similar to Giffen goods but with a focus on luxury items.
11) Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.
12) a cost that varies with the level of output.
13) a company that must accept the prevailing prices in the market of its products, its own transactions being unable to affect the market price.
14) 1823, Kerela.
15) The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.
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