basic terms of economies
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The document defines several basic economic terms: 1) Activity rate or participation rate refers to a country's labor force as a proportion of total population and can vary between countries based on factors like schooling, retirement ages, and opportunities. 2) An agricultural laborer works on another's land for wages in money or kind and has no ownership rights or contracts over the land. 3) An Alpine Convertible Bond is a type of foreign currency convertible bond issued by Indian companies exclusively to Swiss investors.
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The document discusses various concepts relating to employment in India such as worker, workforce, unemployment, and sectors of employment. It notes that in 2011-12, India had approximately 473 million strong workforce, with men comprising 70% and women 30% of rural workers, and men 80% and women 20% of urban workers. Unemployment exists when able-bodied persons willing to work are unable to find jobs and is measured as a ratio of unemployed to total labor force. The government has implemented various employment generation programs to promote primary education, health, infrastructure and agriculture.
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So where ever you are and in whatever condition, let's start planning our finance because."Picture abhi baaki hai mere dost...". We at financial Hospital is coming with a session on how to plan and where to find safe heaven for your finance. Read on to make yourself a super hero of your own life movie.
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The document proposes establishing an Informal Sector Revitalisation Committee (ISRC) to help revitalize India's large informal workforce. It notes that 86% of India's workforce is temporarily employed without job security. The ISRC would connect philanthropic groups, NGOs, and others to administer social welfare programs nationally. Key programs proposed include a universal identification database, affordable housing scheme, education and healthcare facilities, self-help groups, and utilizing corporate social responsibility programs and religious donations. The goal is to provide basic amenities, job opportunities, and a sense of dignity to India's large informal workforce. Challenges include the initial setup costs and gaining support, but proponents argue trial runs could demonstrate effectiveness to policymakers.
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The document discusses various banking terms:
1. Repo rate is the rate at which banks borrow from the RBI. A reduction in repo rate makes borrowing cheaper for banks.
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3. CRR is the amount of funds banks must keep in reserves with RBI. Increasing CRR reduces funds available with banks.
4. SLR is the minimum amount of liquid assets like government bonds banks must hold, set by RBI to control credit growth.
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1. The Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs) which aim to reduce poverty and promote economic development.
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RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
basic terms of economies
- 2. (Reference to selected terms related to economics and Indian economy) Basic Economical Terminologies.
- 3. The labour force of a country is known as the activity rate or participation rate. It is in percent and always a proportion of the total population of the country –the economically active population .This rate varies from one country to another depending upon several factors such as school leaving age, retirement age ,popularity of higher education, social customs , opportunities ,etc. 1. Activity Rate.
- 4. A person who works on another persons land for wages in money or kind or share is regarded as an agricultural labourer. He or she has no risk in the cultivation, but merely works on another's persons land for wages. An agricultural labourer has no right of lease or contract land on which he/she works. 2. Agricultural Labourer.
- 5. An ACB(Alpine Convertible Bond) is a Foreign Currency Convertible Bond (FCCB) issued by an Indian company exclusively to the Swiss investors. 3. Alpine Convertible Bond
- 6. The idea of self-sufficiency and ‘no’ international trade by a country. None of the countries of the world has been able to produce all the goods and service required by its population at competitive prices, however, some tried to live it up at the cost of inefficiency and comparative poverty. 4. Autarky
- 7. When the final payment of a debt is more than the previous payments, it is balloon payment. 5. Balloon Payment
- 8. Lets explore something interesting. FACT WINDOW
- 9. ADAM SMITH Adam smith is the father of ‘Modern Economics’. Adam smith is also the father of ‘Capitalism’.