Commerce Aspirant

Question 5. Discuss the meaning of Consumption goods and Capital goods. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep garg Q.5 Discuss the meaning of consumption goods and capital goods. Solution:- CONSUMPTION GOODS:- Consumption Goods refers to those goods and services which are used by the consumer for consumption purpose. They … Read more

Question 4. Which of the following expenditure are Intermediate or Final goods ? Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep garg Q.4 Which of the following expenditure incurred are on intermediate products and which are on final products? You must state reason for your answer: Purchase of tickets for train … Read more

Question 3. “Machine purchased is always a final good.” Do you agree? Give reasons for your answer. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep garg Q.3” Machine purchased is always a final good.” Do you agree? Give reasons for your answer. Sol. The above statement is disagreed. Machine is a … Read more

Question 2. Distinguish between Final goods and Intermediate goods? Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep garg Q.2 Distinguish between Final goods and Intermediate goods. Give examples. “OR” Explain the basis of classifying goods into intermediate and final goods. Give suitable examples. Solution :- Final good and intermediate good can … Read more

Question 1. Distinguish between Factor income and Transfer income? Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep garg Q.1 Distinguish between Factor income and Transfer income? “OR” Difference between Factor income and Transfer income ? Solution :- FACTOR INCOME:- Factor Income , refers to income received by factors of production (land, … Read more

Question 1. Briefly discuss the money flow and the real flow of income . (Long Question) Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions 1. Briefly discuss the money flow and the real flow of income. Solution:- … Read more

Question 5. Distinguish between Stock and Flow. Give an example of each. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Short Questions Q.5 Distinguish between Stock and Flow. Give an example of each. BASIS  STOCK FLOW Meaning Refers to … Read more

Question 3. What is meant by circular flow of income? Distinguish between Real flow and Money flow. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Q.3 What is meant by circular flow of income? Distinguish between Real flow and Money flow. Solution:- Circular flow of income represents the flow of … Read more

Question 2. What are the different phases of a circular flow of income? Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Q.2 What are the different phases of a circular flow of income? Solution:- Production Phase/Generation Phase: In this phase, firms produce goods and services with help of factors of … Read more

Question 1. Explain Circular flow of income in two sector economy. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Short Questions – Q.1 Explain Circular flow of income in two sector economy. “OR” Explain the circular flow of income. … Read more