Central Problems of an Economy

THE CENTRAL PROBLEMS OF AN ECONOMY

Faculty - Khusboo and Arihant Bhandawat

For Classes contact - 9231504644

An economy has a number of problems which are a cause of concern for the growth and development of the economy. These problems that the economy faces are normally referred to as central problems of an economy. The central problems remain the main cause of concern in any economy. 

Economic problems: Explanation

Economic problem is considered as the problem which is associated with the usage of limited resources of the economy while producing the various available options in the economy. This basic problem of the economy is derived from the underlying problem of scarce resources and unlimited wants.

Basic problem of an economy

Import and Export of India

Import and export items of India

Faculty - Khusboo Jain

For Commerce and Economics classes contact at - 9231504644

India’s import and export data throws open a mixed results. The following major points are derived by looking into the data of the import and export of India.

1. There has been a healthy and constant growth of export and import of goods over the years. However, import of goods has exceeded the export of goods by India. 
2. The balance of payment i.e. Export bill minus import bill has been in the negative territory, yet, it is not in the danger zone so far.
3. There has been steady increase in the import of goods in the petroleum and energy sector whereas the export of India has seen a steady rise in non-agricultural exports.

EXPORT OF COMMODITIES BY INDIA

India ranks among the major exporting nation of the world, yet, it lags behind some of the established countries like China and USA in export trade. Infact, its performance is way lesser even compared to some of the other smaller countries like Singapore, South Korea, etc. We shall look into the major items of export by India.

India's Export Data,  Period 2011-12, Source - http://commerce.nic.in/

Quiz on Marriage is a Private Affair

Marriage is a Private affair - questions

  Faculty - Arihant Bhandawat 

For Classes contact at 9231504644

Fill in the blanks

1. The place where Nene used to live was …………………………………………………
2. After how many weeks was Nnaemeka’s leave due……………...........................................
3. Nene grew up in ……………………………………..
4. Nnaemeka’s father, Okeke had chosen a girl for marriage to his son Nnaemeka. The name of the girl was ………………………………. She was the………………………. daughter of ………………………… who was the neighbour of Okeke.
5. Okeke used to read his Bible sitting under a tree. The name of the tree where he used to sit and read Bible was…………………………………………
6. Nene used to work in Lagos. The occupation of Nene in Lagos was ………………………..
7. The full name of Nene is………………….. and her native place was …………………………
8. When the friends of Okeke came to know that his son Nnaemeka is marrying against the wish of his father they exclaimed that this was written in Bible. What was written in the Bible in this context? ………………………………………………………………………………………………

Notes of Marriage is a Private Affair

Marriage is a Private Affair

 Faculty - Arihant Bhandawat

For Classes contact at 9231504644

Summary:

Setting – the action of this story takes place in two locations

•    Lagos, Nigeria – a modern city

• An Ibo village in Nigeria

Characters 

• Nene – fiancée and later the wife of Nnaemeka; she is from the Atang tribe.  She has been educated at the university and is a school teacher.  She is a modern young Nigerian woman who wants to be accepted by her husband’s father. 

Functions of Export and Import Firms

Study the working of firms importing and exporting goods

 Faculty - Khushboo Jain

For classes on economics and commerce contact at 9231505644

 

Introduction

Import and export of goods fall under international trade between countries. International trade involves trade of goods amongst the nations in those commodities in which they are specialized and have a cost-advantage. Like India has a cost advantage in Information Technology related work because of availability of huge trained manpower that are ready to provide services at a cheaper rate than those in developed countries like USA, UK, etc.  The import and export of goods and services are being carried out by various export and import firms.

This project shall look into the functioning and working of these export and import firms. They have to carry out certain functions for international trade.

Export firms

An export firm is one which is engaged in the transfer of goods, commodities and services outside the geographical boundaries of a nation. These firms are therefore, engaged in the transfer of domestic goods and services into foreign countries.

THE MAIN FUNCTIONS OF THE EXPORT FIRMS

Functions of Export Firm

An export firm has to follow these stages while exporting goods abroad

Inspire Fiesta 2012

Competition, Fun and You

The inaugural edition of the Inspire Fiesta is on the 04th of November. Send in your registrations by 25th September in all the seven categories. 

Also, we would be launching our campaign for making Diwali pure and cleaner  on 27th September. All of us are expected to support this cause wholeheartedly.

Enjoy the fun while supporting a good cause.

What is Common between us and them?!?

What is common between Dev, Dhanish, Ritika, Sakshi, Som, Khushi, Nikita, Dhaval, Akansha and many charming and not so charming ones :) ?? They come from a variety of schools, locations and thoughts, yet, they all have Inspire Academy in common.

We began our journey this April and it continues to move ahead in full steam. We study, we enjoy and this November we shall even rock and roll in the Inspire Fiesta 2012.

We aspire to achieve our best, resisting the race of the rats - we are humans - make mistakes - learn from them - rise up - work harder - work smarter - enjoy the fun - that's life for Inspire Academy Students!

We welcome you to share our world with us!

Arihant Bhandawat