Monday, January 11, 2010

ECONOMICAL

Perfect Melancholies by nature cannot be wasteful; any they love to get a bargain. Fred cuts the money saving coupons out the paper neatly with scissors and saves them for the right moment. If I do it at all, I rip them out and arrive in the store with these odd, shaggy papers Fred’s moment in life is when he has a coupon worth a dollar of on a pound of coffee, and the supermarket has Double coupon days. Once there was also a double coupon in the can, and he was euphoric at actually being paid thirty-seven cents to drink the coffee. Popular sanguine never send those rebate coupons in, but perfect Melancholies make sure they get everything they deserve. Fred not only shops for bargains, but he checks he trash to make sure i don’t throw anything of value. He will decide a mayonnaise jar could be useful if I’d wash it, that the bananas I’ve tossed would be just in banana bread; and that there are still a few gods sweeps in the old broom.
If I want to make sure he doesn’t scrounge something up, I have to take it next door and hide it in the neighbor’s trash. One perfect Melancholy lady I know puts every little leftover in a plastic container in the refrigerator. She writes on the top the name of the item and the date she put it away. She puts today’s entry in the back, pushing the other jars to the front. This way she eats the leftovers in order, and nothing ever goes to waste.

Sunday, January 10, 2010

UNDERUTILISED NATURAL RESOURCES

Most of the developing countries are rich in natural resources However, their exploration and exploitation is limited. Sometimes foreign companies control them. Generally, raw products are exported at low price. These countries lack suitable technology and work force to make the resources more productive and profitable. They earn less from bountiful nature Take the case of Nepal; it’s the second largest country in hydropower resources resource in Asia. Laos is rich in timber wood. Argentina abounds in wheat and meat produce. Nevertheless, harnessing the benefits from these resources on their own is highly skewed. Because of the underutilization of available of resources, these countries are poor.

HIGH DEPANDENCE ON AGRICULTURE

Agriculture is the main occupation in developing countries. More than 70 percent of active labor force is engaged in the primary sector. Population increases and the increased about stick to agriculture thereby over burdening the farm size. There is low output per head fragmented patches of smallholding do not allow modem scientific techniques is farming. There is a high ravage of nature in traditional agriculture, which minimizes the production volume. Still the contribution of agriculture sector to GDP is significantly high in these countries. Thus, agriculture has been many stay of the economic.


GENERAL POVERTY


Development countries are poor. By defined GDP and per capita income are at low level general living standard of people in these countries is very low. Poverty is visibly disturbing every aspect of life. Children are half fed and half clad and their under nourished bodies are disease prone. These big belly children have less chances of surviving up to 5 years of age both infant and child mortality rate is very high. General health services for people are insignificant. The life expectancy at birth does not exceed 60 years. Most of the children have no schooling .Adult illiteracy rate is very high in most cases exceeding 60 percent. Labour quality it very low. They have fewer chance of employment they engage in low paying jobs. Their income is low and they live a sub standard life no recreation and no modern facilities a majority of people in developing countries are born in poverty.

ECONOMIC GROWTH

Defined as an increase in aggregate output of goods and services in country during a given period of time in the word of Simon kuznet, economic growth is a long term rise in the capacity to supply increasingly diversified economic goods and services to its population Some other economist defined that is a process of raising GNP of a national over long period of time. Shortly it implies to be sustained expansion in economic activities over a long period of time. Economics growth is regarded as necessary condition of economic development.
High economic growth depends upon price stability of good and services, access of transport and communication, provision of primary health and education, establishment of key industries. There are two major indicators of economic growth. They are national income and per capital income.

PERSONAL INCOME


Personal income the total money received by individuals and household of a country from all possible sources before direct taxes. The factor of production does not the whole amount of national income. Corporate income fax should be paid to the government from corporate profile .This is not available to the shareholders and therefore it does not constitute personal income. Some part of the corporate profile is kept undistributed or retained by the business units. Similarly, the salaried person should keep some part of their salaries in the form of provident fund, pension and social security contribution. These amounts should also be deducted from national income because they are not available to the individual. At the same time, government provides transfer payment in the form of unemployment allowance, old age allowance, interest on public debt. These amounts personal income but are not a part of the national income.

WHAT A PRODUCE


The first concern is related with, what to produce? , how much to produce? because resources are scarce, production off all needed by a society are beybond its capacity. it all simplly not posible for any economy no mater how developed it might be. So, it has to select a set among various alternatives. Productions must meet the maximium social need. The first priority goes to basic needs. However, production is guided by profit and profit knows no social knows any social justice. An economy should follow social efficiency while reallocating resources. The social norms and values should guide to maximize social satisfaction. So alloccation in best which satisfies the most .The problems of what to produce and how much to product depends on the citizens of the country.