What was the comparative advantage theory of David Ricacrdo?
When a country can produce a good or service at a lower opportunity cost than another country. Pursuit of self-interest, division of labor, and freedom of trade. A theory of free-market capitalism directly opposed to government intervention. A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
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Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
People who regularly move in and out of poverty (for example small farmers and seasonal workers). The occasionally poor are rich most of the time but may sometimes have a patch of bad luck are called ______
Chronic poor Churning poor Transient poor Non-poor
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The churning poor are the people who go in and out of poverty (for example, small farmers and seasonal workers).
When was Objective Resolution moved and by who?
26 December 1946, Jawaharlal Nehru 13 December 1946, Jawaharlal Nehru 26 November 1946, Dr. B R Ambedkar 9 December 1946, Dr. Rajendra Prasad
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On 13 December 1946, Jawaharlal Nehru moved the ‘Objective Resolution’. Objective Resolution enshrined the aspirations and values of the constitution-makers.
Why does a star produce its own light and heat?
Nuclear fission Nuclear fusion Chemical reaction None
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Stars are huge celestial bodies made mostly of hydrogen and helium. Heat and light energy produced by the stars are due to the fusion reaction of hydrogen atoms.
What does republic mean in the Indian Constitution?
India is a Union of States The head of state is elected by people People have final authority in all the matters India has parliamentary system of government
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'Republic' is a State in which supreme power is held by the people and their elected representatives. It has an elected head of state rather than a monarch.
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