Fisheries help in augmenting food supply, generating employment, raising nutritional level and earning foreign exchange.
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The ‘two nation’ theory was put forward by the Muslim League led by Mr. Jinnah. According to this theory, India consisted of two separate nations inhabited by the Hindus and the Muslims.
Generally, desire and demand are treated as synonyms but there is a vast difference between these two terms in economics. By desire we mean the desire to have a commodity. The phenomenon of unlimited wants is the result of such a desire. However, every desire is not a demand.
The law of demand states that that there is and inverse relationship between price and quantity demanded. However, it does not explain as to how much change will take place in demand as a result of a given change in price.
During a year, the value of fixed assets (such as machines, buildings, equipments, etc.) declines due to wear and tear and obsolescence. This decline in the value of fixed assets is known as consumption of fixed capital or depreciation.
For a long period of time GNP has been used by economists as a measure of economic development. However, these days, so many objections have been raised for using GNP as an indicator of economic development by economists.
The super class Pisces (L., Piscis, fish) includes all the fishes which are essentially aquatic forms with paired fins for swimming and gills for locomotion. About 40,000 species of fishes are known. Various workers have provided different schemes of their classification.
The following are the points of distinction between a promissory note and a bill of exchange : In a bill of exchange, there is an unconditional order to pay, while in a promissory note there is an unconditional promise to pay.
Precautions before sowing a crop are that before sowing a crop, the field is leveled and ploughed. The seed may be treated with fungicides to check diseases. Now the seed may be…
The formation of earth took place as a cold aggregate of planetesimals. These were mainly made of compounds of silicon, Iron and magnesium with traces of other elements. As more and more planets collided …