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Which Sector economy circular flow is in our syllabus?
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Which Sector economy circular flow is in our syllabus?
In free market mechanisms economy, the public sector is responsible to maintain law and order in a country,make national defense stronger and regulate money supply. on the other hand the public sector of a mixed economy involved almost all economic activities , such as production, distribution and consumption.
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Which Sector economy circular flow is in our syllabus?
Two sector economy
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The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one is an appropriate title of the given passage?

Which Sector economy circular flow is in our syllabus?
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Which Sector economy circular flow is in our syllabus? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which Sector economy circular flow is in our syllabus? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which Sector economy circular flow is in our syllabus?.
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