Question

Complete the correlation:

Hint:

Correlations help in establishing relationships between terms. In economics, it's crucial to recognize these relationships to understand various economic concepts better.

Answer 1

(i) Internal Trade : Home Trade :: International Trade :\(\underline{Foreign Trade}).
(ii) Discriminated prices : \(\underline{Imperfect Competition}\) :: Single price :\(\underline{Perfect Competition}).
(iii) \(\underline{Reserve Bank of India}\) : Central Bank :: SBI : Commercial Bank.
(iv) Output method : \(\underline{Production Method}\) :: Income method :\(\underline{Factor Cost Method}).
(v) The period of Inflation : Surplus Budget :: The Period of Depression :\(\underline{Deficit Budget}).