Questions

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

Harappan or Indus Valley Civilization was the first and ancient civilization which started in what now Pakistan and North West India.

The Harappan civilization existed between 3300 BC and 1300 BC.

The ruins of Mohenjo-daro is a major archaeological site that was built by this civilization and is now a UNESCO World Heritage Site.

Relationships among people are to be maintained in such a way that the people must stay healthy and to become strong enough.

Private Sector lender HDFC Bank signed an agreement with the Government e-Marketplace (GeM) under which the bank will facilitate a host of services to the public procurement portal for Central and state government organizations.

Andhra Pradesh's TDP - Telugu Desam Party, today i.e on 16th March 2018 quit the NDA government at the Centre a week after two of its ministers resigned from the Union cabinet over the issue of special status for Andhra Pradesh.

The Ministry of Rural Development (MoRD) announced the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) Antyodaya Diwas, on 25th September 2014. DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth.

DDU-GKY is uniquely focused on rural youth between the ages of 15 and 35 years from poor families. Over 180 million or 69% of the country’s youth population between the ages of 18 and 34 years, live in its rural areas. Of these, the bottom of the pyramid youth from poor families with no or marginal employment number about 55 million.