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Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
Give two examples of underutilization of resources.
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Answer

  1. Related to less developed countries: Labour is underutilised as indicated by mass unemployment in countries like India.
  2. Related to developed countries: Capital is underutilised during depression when production is decreased owing to lack of demand.

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