Statistics for Class XI (CBSE)

Mar 4, 2012Download as ppt, pdf32 likes62,120 views

The document defines key economic concepts and terms. It discusses how production is the process of producing goods and services to satisfy human needs, using the example of Ford's assembly line. Consumption is defined as the using up of goods created by production, including both capital and non-productive consumption. Distribution refers to how the gross domestic product is distributed among the factors of production through rent, wages, salaries and interest. The document also discusses the different meanings of statistics in plural and singular form.

Data- numerical expression of quantitative information . Economic - The study of man is ordinary business of life.

Consumer- when a person buy good to satisfy hem self and gain profit. Producer - A producer is a person who sell good and services to satisfy his profit. Service holder- When a person are in a job working for some other person and he get remuneration for it .

Service provider- When a person in job work for some other person and he get paid for it he is called service provider.

BASIC ECONOMIC ACTIVITIES PRODUCTION CONSUMPTION EXCHANGE DISTRIBUTION PRODUCTION – T he process producing good and service to satisfy human needs.

Assembly of a Model T Two workers mount an engine into the chassis of a Ford Model T that was put together at earlier points on the assembly line. The development of the production line in the Ford Motor Plant was one of the key factors in the evolution of modern forms of industrial production.

CONSUMPTION- Consumption, in economics, the using up of goods created by production. Consumption often is regarded by economists as the end of the productive process, the purpose for which all production is undertaken. In its broadest sense the term includes both capital consumption, or the using up of goods such as factory machines and tools in the production

of other goods, and non-productive consumption, or the using up of goods for non-productive purposes. Economists generally prefer to restrict the term to non-productive consumption.

DISTRIBUTION - The gross domestic product among the factors of production in the form of rent, wage, salaries, interest etc known as distribution. ECONOMY- It is a set of frame work with in which various economic activities take place called economy

STATISTICS- It is a branch of mathematics that deals with the collection, organization, and analysis of numerical data and with such problems as experiment design and decision-making.

STATISTICS IN PLURAL SENSE In plural sense stastistics are numerical statement of fact in any department of enquiry placed in relation to each other .

STATISTICS IN SINGULAR SENSE Statistics is defined as collection, presentation analysis and interpretation of numerical data.

The balance of payments records all economic transactions between a country and the rest of the world over a period of time. It includes visible items like exports and imports of goods, as well as invisible items like services. It also includes capital transfers. The balance of payments aims to systematically record all these international transactions and ensure receipts and payments are balanced. A country may experience a surplus or deficit in its balance of payments depending on whether receipts from transactions exceed payments or vice versa. Disequilibria can be corrected through various monetary and non-monetary measures that target exchange rates, exports, imports and capital flows.

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This document defines key macroeconomic concepts related to aggregate demand and supply. It explains that: 1. Aggregate demand is the total planned expenditure on final goods and services and equals consumption + investment + government spending + net exports. Consumption and investment make up aggregate demand in a simple two-sector economy. 2. Aggregate supply is the total planned output of final goods and services and equals national income. National income equals consumption + savings at the national level. 3. The consumption function shows the relationship between consumption and national income, where consumption has an autonomous and induced component. The marginal propensity to consume is the change in consumption from a change in income.

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1) Money was introduced to solve problems with barter systems like the "double coincidence of wants". Money acts as a medium of exchange, store of value, and standard for deferred payments. 2) Money supply refers to the total quantity of money in circulation and includes components like currency, demand deposits, and other deposits. It is classified into narrow (M1) and broad money (M2, M3, M4). 3) Commercial banks create money through the process of credit creation, lending out a multiple of the initial deposits based on required reserve ratios. They accept deposits and extend loans to earn profits.

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This document covers key concepts in microeconomics. It discusses how economics studies scarcity and the choices that must be made about allocating limited resources. It defines opportunity cost and marginal opportunity cost, explaining that increasing production of one good requires giving up production of another. It also introduces the production possibilities curve (PPC) as a way to visualize scarcity and tradeoffs, showing the maximum combinations of goods an economy can produce with its resources. The PPC slopes downward and is concave in shape.

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The Indian economy on the eve of independence was primarily agricultural with developed handicraft industries. Under British rule, India's economy was exploited - the national income and per capita income were very low. Agriculture was commercialized but farmers focused on cash crops. Handicrafts declined due to imports and unemployment increased. Modern industry was limited and public sector confined to railways and ports. Foreign trade focused on exporting primary goods and importing British manufactures. The population grew but literacy, health and life expectancy were very low. Most people worked in agriculture with unbalanced regional development. Infrastructure like railways was developed but for British needs. British policies deliberately destroyed Indian industries and discriminated against Indian traders.

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This document discusses concepts related to revenue. It defines total revenue as the sum total of money received from sales of output. Total revenue equals price multiplied by quantity. Marginal revenue is the change in total revenue from selling one more unit, and is calculated as the change in total revenue divided by the change in quantity. Average revenue is total revenue divided by quantity. Tables and graphs are presented showing the relationships between total revenue, marginal revenue, and average revenue as quantity changes. It is noted that total revenue increases at a diminishing rate as marginal revenue declines.

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Statistics for Class XI (CBSE)

1. INTRODUCTION

2. Data- numerical expression of quantitative information . Economic - The study of man is ordinary business of life.

3. Consumer- when a person buy good to satisfy hem self and gain profit. Producer - A producer is a person who sell good and services to satisfy his profit. Service holder- When a person are in a job working for some other person and he get remuneration for it .

4. Service provider- When a person in job work for some other person and he get paid for it he is called service provider.

5. BASIC ECONOMIC ACTIVITIES PRODUCTION CONSUMPTION EXCHANGE DISTRIBUTION PRODUCTION – T he process producing good and service to satisfy human needs.

6. Assembly of a Model T Two workers mount an engine into the chassis of a Ford Model T that was put together at earlier points on the assembly line. The development of the production line in the Ford Motor Plant was one of the key factors in the evolution of modern forms of industrial production.

7. CONSUMPTION- Consumption, in economics, the using up of goods created by production. Consumption often is regarded by economists as the end of the productive process, the purpose for which all production is undertaken. In its broadest sense the term includes both capital consumption, or the using up of goods such as factory machines and tools in the production

8. of other goods, and non-productive consumption, or the using up of goods for non-productive purposes. Economists generally prefer to restrict the term to non-productive consumption.

9. DISTRIBUTION

10. DISTRIBUTION - The gross domestic product among the factors of production in the form of rent, wage, salaries, interest etc known as distribution. ECONOMY- It is a set of frame work with in which various economic activities take place called economy

11. STATISTICS Plural sense Singular sense

12. STATISTICS- It is a branch of mathematics that deals with the collection, organization, and analysis of numerical data and with such problems as experiment design and decision-making.

13. STATISTICS IN PLURAL SENSE In plural sense stastistics are numerical statement of fact in any department of enquiry placed in relation to each other .

14. STATISTICS IN SINGULAR SENSE Statistics is defined as collection, presentation analysis and interpretation of numerical data.

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20. THANK YOU

Statistics for Class XI (CBSE)

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Statistics for Class XI (CBSE)