हिंदी

Explain very long period or secular period. - Economics

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प्रश्न

Explain very long period or secular period.

स्पष्ट कीजिए
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उत्तर

  1. A very long period of time is one during which fundamental changes in demand and supply can occur.
  2. Secular period refers to a price that is decided over a long period of time. This time period is characterized by trade cycles.
  3. Example: Industrial revolution, digital transformation, climate change impact on production.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 13: Price Output Under Perfect Competition - TEST QUESTIONS [पृष्ठ १३.१८]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 13 Price Output Under Perfect Competition
TEST QUESTIONS | Q A. 8. | पृष्ठ १३.१८
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