Prelims 2014 • Paper 1 (GS) • Q.47

Prelims 2014Paper 1 (GS) • Q.47
PrelimsPaper 1 (GS)2014 • Q.47
Economic and Social Development
"Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then certainly rise, but values of all things except one would not." The writer wants to say that if prices of all things were doubled
2014 PrelimsPaper 1 (GS)

Syllabus Connection

Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc. (Prelims)

NCERT Connection

Ch.3: Money and Credit

Economics • Class 10Class 10 Understanding Economic Development

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