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Production and Costs- Indian Economy - NCERT Notes UPSCJun 22 , 2022
Production is the process by which inputs are transformed into ‘output’. Production is carried out by producers or firms. A firm uses different factors of production (inputs) such as land, labour, machines, raw materials etc. to produce output. This output can be consumed by consumers or used by ... Read More
Theory of Consumer Behaviour - NCERT Notes UPSCJun 20 , 2022
Consumer behaviour is referred to the study which analyses how consumers make decisions when obtaining various goods and services. It also studies various factors that influence consumers decisions. Therefore, understanding the behaviour of consumers is crucial to analysing the potential consumers toward a new produc... Read More
Open-Economy Macroeconomics- NCERT Notes UPSCJun 16 , 2022
Elevate your UPSC CSE preparation with this detailed article on Open Economy Macroeconomics, which constitutes an integral part of the Economy. Navigate through the article to get usef... Read More
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