Question
Which of the following scenarios explain economic
development?Solution
economic development is usually the focus of federal, state, and local governments to improve our standard of living through the creation of jobs, the support of innovation and new ideas, the creation of higher wealth, and the creation of an overall better quality of life. Many times these objectives include building or improving infrastructure such as roads, bridges, etc.; improving our education system through new schools; enhancing our public safety through fire and police service; or incentivizing new businesses to open a location in a community.
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 5000, Rs. 6000 and Rs. 4000, respectively. After 4 months, ‘B’ left and ‘A’ and...
A and B together started a business by investing their capital in the ratio of 5:9, respectively and total amount invested by them together is Rs. 1820....
- Ratio of monthly savings to monthly income of Prashant is 7:25. His four months savings is Rs. 26,600. Out of his monthly expenditure, he spends 20% on foo...
Ravi, Mohan, and Sunil started a firm by investing in the ratio 11:9:5 respectively. Sunil is the active partner managing the business, so he receives 1...
A, B and C enter into a partnership with a capital in which A’s contribution is Rs. 18,000. If out of a total profit of Rs. 1200, A gets Rs. 500 a...
- Ramesh and Suresh invested Rs. 2400 and Rs. 1800 in a business. At the end of the year, the profit was Rs. 8400. What is the difference in their share of p...
A invest twice the sum invested by B and withdraws half of sum after 5 months and again withdraws half of the remaining sum after 5 months. Find ratio o...
A and B together started a business by investing their capital in the ratio of 8:7, respectively and total amount invested by them together is Rs. 1500....
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 5,000, Rs. 6,000 and Rs. 4,000, respectively. After 6 months, ‘B’ decreased his inv...
P, Q started a business along with R. The initial investment of P is 20% less than the initial investment of Q. The ratio between the initial investment...
Relevant for Exams:
