Who is known as the father of computer?
Q. Who is known as the father of computer? Top Answer Solution:Charles Babbage is known as the father of computer. Related Links
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What is the full form of RAM?
Q. What is the full form of RAM? Top Answer Solution:The full form of RAM is Random Access Memory. RAM, or Random Access Memory, is a type of computer memory that stores data temporarily. It allows your computer to quickly…
What are substitutes goods?
Q. What are substitutes goods? Top Answer Solution:Substitute goods are products or services that can be used as alternatives to each other. If the price of one good increases, consumers may switch to purchasing a substitute good that provides similar…
What is a monopoly?
Q. What is a monopoly? Top Answer Solution:A monopoly is a market structure in which a single firm or entity dominates the production and sale of a particular product or service. In a monopoly, the firm has complete control over…
What is inflation?
Q. What is inflation? Top Answer Solution:Inflation is a sustained increase in the general price level of goods and services in an economy over time, making things more expensive. It means that the purchasing power of money declines.A little inflation…
Why economics is important?
Q. Why economics is important? Top Answer Solution:Economics provides a framework for understanding how societies function, how resources are allocated, and how individuals and businesses make decisions. This knowledge is essential for making informed decisions about our own lives and…
What is GDP?
Q. What is GDP? Top Answer Solution:Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced in a country during a specific period, usually a year. GDP is one of the most commonly…
What microeconomics?
Q. What microeconomics? Top Answer Solution:Microeconomics studies the behavior of individual agents, such as households, firms, and industries, and how they make decisions to allocate limited resources. Related Links
What macroeconomics?
Q. What macroeconomics? Top Answer Solution:Macroeconomics studies the overall economy and big trends like growth, unemployment, and inflation. It looks at how the government spends and taxes money, and how banks control money and interest rates. It also examines how…
What are the branches of economics?
Q. What are the branches of economics? Top Answer Solution:The two branches of economics are microeconomics and macroeconomics. Microeconomics – Microeconomics studies the behavior of individual agents, such as households, firms, and industries, and how they make decisions to allocate…