Economic Swat

Marginal Utility:- Marginal utility is the additional utility or satisfaction that a consumer derives by consuming one more unit of a goods or services. Types of Marginal Utility:- There are three main types of marginal utility- 1- Positive Marginal Utility 2- Zero Marginal Utility 3- Negative Marginal Utility 1- Position Marginal Utility:- Position marginal utility is happen when consumer gets additional happiness or joy by consuming one more of an item. E.g.- A man is satisfied after drinking a glass of water but after drinking one more glass of water he gets extra satisfaction. Then, it is positive marginal utility. 2- Zero Marginal Utility:-  Zero Marginal Utility is happen when consumer gets no additional satisfaction by consuming one more of an item. E.g.- A man is approximately satisfied after drinking two glasses of water and after drinking one more glass of water there is no increase in satisfaction. Then, it is zero marginal utility. 3- Negative Marginal Utility:- Negativ...

  Utility:-  Economics Utility is the level of satisfaction that a consumer derives by consuming a product or service. It measures the total satisfaction of the consumer. Types of Utility:- There are four main types of utility- 1- Form  2- Time  3- Place  4- Possession 1- Form :- Form refers to the use of goods or product according to the situation or the condition of the consumer's want. E.g. - If consumer want table and company providing him wood then it reduces consumer's satisfaction because he wanted wood in the form of table and company provide him wood. 2- Time:- Time refers to the availability of goods or product when consumer purchase it. E.g.- In rainy season, consumer wanted an umbrella and the umbrella is not available in the market at that time then it reduces the consumer's satisfaction. So, time is a important type of utility. 3- Place:- Place refer to the location of goods or service and if the location of goods and services are convenient for th...

  Central Bank :- A central bank is a monetary institution, it controls the supply of money and provides financial services. Central bank help to prevent inflation, keep unemployment low and stabilize the nation's currency. Central bank has the power to regulate commercial bank. Functions of Central Bank :- (1)- Control the money supply through open market operations (2)- Control inflation and base rate (3)- Ensure there are sufficient foreign-exchange reserves (4)- Maintain reserve requirements with private banks. Objectives of Central Bank :- (1)- Full Employment (2)- Price Stability (3)- Economic Growth (4)- Exchange Rate Stability (5)- Financial Stability

  Unemployment :- It is a situation where a person is able and willing to do work but do not get work at the existing wage rate. Types of Unemployment :- 1- Disguised Unemployment 2- Seasonal Unemployment 3- Open Unemployment 1- Disguised Unemployment :- It refers to a state in which more people are engaged in work than its really need. 2- Seasonal Unemployment :- The Unemployment occurs at certain seasons of the year is known as seasonal unemployment. 3- Open Unemployment :- It refers to that economic phenomenon in which person are able and willing to work at the prevailing wage rate but fail to get work. Causes of Unemployment :- 1- Population Explosion 2- Slow rate of Economic Growth 3- Slow growth of Industries 4- Defective Educational System 5- Lack of Proper Planning.

Commercial bank :- A Commercial bank is a type of financial institution that provides services such as accepting deposit, withdrawal of money, provide loans, etc. for the general public. These banks do business only for profit purpose. Functions of Commercial Bank :- The functions of commercial bank are classified into two types 1- Primary Function :- The Primary functions are - • Accept Deposit • Provides Loan and Advance • Credit Cash 2- Secondary Function :- The Secondary functions are - • Discounting bill of exchange • Purchasing and Selling of Securities • Overdraft facility • Locker facilities • Paying and Gather the Credit. Types of Commercial Bank :- There are three different types of commercial bank they are - 1- Private Bank 2- Public Bank 3- Foreign Bank 1- Private Bank :- In this type of bank private individuals and businesses own majority of share capital. All private banks are recorded as companies with limited liability. E.g.- State Bank of India (SBI), Bank of Baroda, e...

Economic Inequality :- The unequal distribution of opportunity and income in between different groups of people. The Economic Inequality is mostly measured for the distribution of income and wealth. Types of Economic Inequality :- (1)- Income Inequality (2)- Wealth Inequality (3)- Pay Inequality  (1)- Income Inequality :- Income inequality means the unequal distribution of income or money in a group of people. (2)- Wealth Inequality :- Wealth inequality means the unequal distribution of assets in a group of people. (3)- Pay Inequality :-  Pay inequality means the difference between people's pay in a company.