Look Inside

Indian Destiny - New Order

FREE Delivery
Express Shipping
$34.40
$43
(20% off)
Express Shipping: Guaranteed Dispatch in 24 hours
Quantity
Delivery Ships in 1-3 days
Item Code: UAE804
Publisher: Kala Evam Dharma Shodh Sansthan
Author: Nikki Kumari
Language: English
Edition: 2013
ISBN: 9789381721254
Pages: 256
Cover: HARDCOVER
Other Details 9.00 X 6.00 inch
Weight 430 gm
Book Description
Preface

The New paradigm visualizes the economy as an aggregate of atomistic sovereign individuals (producers and consumers) making their decisions autonomously, with no interference from the influence of externalities. Relative prices and quantities are determined simultaneously in equilibrium as an outcome of the inter-play of 'forces of demand and supply' generated by the optimizing behavior of individuals, subject to their resource constraints. Each producer, given the technological possibilities, chooses the profit-maximizing activities and outputs at the going prices. On the other hand, each consumer, given his budget constraints and scales of preferences, maximizes satisfaction at the going prices. It is through the operation of the 'fundamental' and 'universal' principle of substitution that individuals adjust their chosen quantities in response to variations in the parametrically given prices. The relative prices formed on the market vary in response to excess demands or supplies in particular markets in such a way as to clear all markets in equilibrium. The data for required determination of prices and quantity are the initial resource endowments and their distribution among individuals, the technological possibilities, and the system of preferences." Thus the optimum allocation of resources comes to be the central problem to be readdressed by economics.

People do not only enunciate momentary pleasure in order to have an assured pleasure at a later time, but they also refrain from present consumption and save in order to enjoy more wealth in future. In both the cases, waiting is central to the paradigm. In the domain of the economy, waiting is a factor of production and that the real costs of production are made up of efforts of the workers and sacrifices of the capitalists. The efforts are rewarded by wages and the sacrifices by profits.

**Contents and Sample Pages**












Frequently Asked Questions
  • Q. What locations do you deliver to ?
    A. Exotic India delivers orders to all countries having diplomatic relations with India.
  • Q. Do you offer free shipping ?
    A. Exotic India offers free shipping on all orders of value of $30 USD or more.
  • Q. Can I return the book?
    A. All returns must be postmarked within seven (7) days of the delivery date. All returned items must be in new and unused condition, with all original tags and labels attached. To know more please view our return policy
  • Q. Do you offer express shipping ?
    A. Yes, we do have a chargeable express shipping facility available. You can select express shipping while checking out on the website.
  • Q. I accidentally entered wrong delivery address, can I change the address ?
    A. Delivery addresses can only be changed only incase the order has not been shipped yet. Incase of an address change, you can reach us at [email protected]
  • Q. How do I track my order ?
    A. You can track your orders simply entering your order number through here or through your past orders if you are signed in on the website.
  • Q. How can I cancel an order ?
    A. An order can only be cancelled if it has not been shipped. To cancel an order, kindly reach out to us through [email protected].
Add a review
Have A Question

For privacy concerns, please view our Privacy Policy

Book Categories