Chassis In an automobile, all the subsystems excluding the body is called as Chassis. Construction of the chassis The layout of various subsystems is shown in the figure. In the present manufacturing of the vehicle, the body is separately fabricated and it is mounted over the chassis. The importance subsystems that are connected in the […]
Tag: 11th New Syllabus Tamil Nadu 2020
Income, Savings And Consumption – Economic Study Material
The consumption function or propensity to consume refers to income consumption relationship. It is a “functional relationship between two aggregates viz., total consumption and gross national income.” Symbolically, the relationship is represented as C= f (Y) Where, C = Consumption Y = Income f = Function Thus the consumption function indicates a functional relationship between […]
Methods of measuring national income – Labour Income, Capital income – StudyMaterial
Methods of Measuring National Income All goods and services produced in the country must be counted and converted against money value during a year. Thus, whatever is produced is either used for consumption or for saving. Thus, national output can be computed at any of three levels, viz., production, income and expenditure. Accordingly, there are […]