PPSC Upcoming Lecturer Computer Science Test Preparation Notes
- Polulation theory Malthus-
- Labour planning-
- Labour welfare does not include= health, edu, home, and quick promotion
- Micro economics refers to individual unit
- Proportional tax is flat tax
- Most regressive is sales tax
- Capitalism refers to
- Per capita income formula national income divided by population
- Canon of equity social justice, porgressive tax, both a and b
- Index to measure inflation-CPI
- Propensity to consume
- Isoquant is convex to origin
- Inconsistent to notion of profit competition-
- Assumption indifference curve-
- Monopsony -one purchaser/buyer
- Law of demand
- Depreciation value-capital good
- Devaluation –official decrease in money
- Demand curve-ordinary good
- Difference between economic profit and account profit
- Central bank-not function: a) loan business and individual
- Money function-a) medium of exchange and store value
- Monetary policy- to supply money
- In marketing selling and buying: primary function
- Buyer market in which b) supply exceeds demand
- Transfer of payment:
- Normative economics