INTRODUCTION Every individual has specific needs, for the satisfaction of which, he/she needs resources. But the resources that a person have, to satisfy his needs are always limited and have alternative...
Here are the tips: Make a flow chart for every topic/chapter Give to the point answer Be clear with all terms/important definitions Don't skip diaram wherever necessary Try to solve maximum types...
By division of labour we mean specialisation in work. Under it the worker specialises either in the prouduction of a single commodity or single sub-process . It is a system whereby the operations necessary...
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central Banks attempt to limit inflation —...