What How ANS

Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the United States, to achieve certain objectives related to the money supply and interest rates in an economy. The main goal of monetary policy is to promote economic stability and achieve sustainable economic growth. There are several specific objectives that central banks may pursue in order to achieve this broader goal. These can include: Price stability: One of the most important goals of monetary policy is to maintain price stability, or low and stable inflation. Inflation, which is an increase in the general price level of goods and services over time, can have negative consequences for an economy if it becomes too high. For example, high inflation can lead to uncertainty and unpredictability, which can discourage investment and consumption. It can also lead to redistribution of wealth, as those who hold assets or fixed income streams may see their purchasing power decline. On the ot...

Data are the numerical facts, which originate from the operation of counting or enumerating. For any Statistical investigation, the first stage is data collection and the basic problem is to collect data relating to the subject matter. The person who conducts the statistical investigation is known as an investigator. The persons from whom the information or data are collected are known as the informants. The process of enumerating or counting the items in a systematic and scientific way is known as a collection of data. Data can be quantitative or qualitative. The data which can be counted in a natural way be quantitative data. The data which represents the quality of an individual is known as qualitative data. Types of Data On the basis of sources of data, there are two types of Data: 1. Primary data 2. Secondary data 1. Primary data The data collected for the first time by the investigator or an agent of the investigator is called primary data. The primary data are...

Labour is a physical or mental effort of the human being in the process of production. It is an active factor of production. Actually, it is labour which in cooperation with the land makes production possible. Labour is also known as primary factors of production as its supplies are determined more or less outside the economic system itself. Features of labour 1. Labour cannot be separated from the labourer. = This peculiarity is found in labour alone. Other Factors of production like land and capital can be separated from its owner. But labourer cannot be separated from labour. 2. Labour is perishable = Goods can be stored and sold in the future at a high price. But this is not applicable for labour. If a worker does not work on a particular day, his labour for that day is wasted. Labour is thus perishable. 3. Labour is mobile = Capital is highly mobile. but certain types of capital in the form of factory buildings etc. are also immobile. Labour alone is a factor...