Sober living

10 alcohol-drug interactions: What medications interact with alcohol?

In some cases, alcohol increases the bioavailability of a drug, which can raise the concentration of the medication in your blood to toxic levels. Medications typically are safe and effective when used appropriately. Your pharmacist or other health care provider can help you determine which medications interact harmfully with alcohol. It’s easy to define drunkenness – it’s just a measure of the alcohol in your blood – but very difficult to define a hangover. Morning-after symptoms vary widely in their nature and intensity, depending on circumstances, genetics and other factors known and unknown. It refers to Myrkl (pronounced “miracle”, not “Merkel”) as a “pre‑drinking” pill. In a press release, the CEO says its purpose is to help “regular moderate drinkers to wake up feeling their best the next day”.

What pill should you not take with alcohol?

  • Painkillers.
  • Anti-anxiety and sleeping pills.
  • Antidepressants and mood stabilizers.
  • ADHD medications.
  • Antibiotics.
  • Nitrates and other blood pressure drugs.
  • Diabetes medications.
  • Coumadin.

A double-blind study with 24 participants, funded by De Faire, concluded that using the pills for a week did indeed result in “a substantially lower uptake of alcohol into the blood”. Disulfiram causes severe, hangover-like symptoms to appear when you drink even a small amount of alcohol. Essentially, it stops your liver from breaking down alcohol completely. No, all of our medications are FDA-approved and/or backed by science and years of data on safety. Most reported side effects are minimal and of short duration, just like any other prescription medications. While one medication may not suit all people, there are many options for each situation.

Why You Should Not Mix Alcohol and Sleeping Pills

A good rehab program will teach all of these things as well as practical tools to help you battle the day-to-day triggers and challenges of addiction in the future. Isosorbide nitroglycerine for heart disease – can cause sudden changes in blood pressure, dizziness, and fainting when mixed with alcohol.

Advil Cold & Sinus (Pseudoephedrine and Ibuprofen) – Oral – Verywell Health

Advil Cold & Sinus (Pseudoephedrine and Ibuprofen) – Oral.

Posted: Mon, 21 Nov 2022 21:51:39 GMT [source]

If you experience any physical addiction symptoms, talk to a doctor, and don’t go it alone. You see, detox only addresses the physical side of substance use disorder, but polydrug addictions have much deeper psychological and social roots beyond the physical dependence. A comprehensive drug treatment center will be necessary to help you understand the nature of your own personal addiction, where it stems from, and how to manage it on a daily basis.

Guidelines for Preventing Alcohol Interactions

Like baclofen, it can help some people avoid relapse over the long term. Baclofen, topiramate, and gabapentin are all off-label medications for alcohol use disorder that can make you less interested in alcohol. Talk with your healthcare provider about your drinking and discuss the medications that you are taking to prevent adverse reactions with prescribed medicines. No addiction – be it to drugs, alcohol, or some combination of both – can be magically cured by a successful detox.

Alcohol and Pills

Since strong liquor like whiskey, vodka, and rum have a much higher alcohol content than drinks like beer or wine, people generally feel their effects much faster. This type of transition also gives your body more time to metabolize the drinks as they come. Naltrexone is not an opioid, is not addictive, and does not cause Alcohol and Pills withdrawal symptoms with stop of use. Naltrexone blocks the euphoric and sedative effects of opioids such as heroin, morphine, and codeine. Naltrexone binds and blocks opioid receptors, and reduces and suppresses opioid cravings. A pre-drinking pill to prevent the hangover the next day would be of benefit to some people.

Detox for Polydrug Addiction

At the same time, your body was metabolizing weaker beverages when you suddenly threw hard liquor into the mix, inundating the system with more liquor than it was previously prepared to handle. This effect can lead to vomiting and a terrible hangover because of the ethanol toxins that build up in the system when you drink too much, too fast.

  • This is because of similar double-depressant effects as exhibited by mixing alcohol with opioids.
  • The Recovery Village offers treatment programs for a wide array of substance use disorders, including alcohol and prescription drugs.
  • Prescription drugs are a wide classification of medications that includes opioid painkillers, benzodiazepine depressants and amphetamine stimulants, among others.
  • This can make it a good substitute for people who don’t react well to naltrexone, and also help people adjust to other medications.
  • Any information published on this website or by this brand is not intended as a substitute for medical advice, and you should not take any action before consulting with a healthcare professional.

Drinking alcohol is tricky for anyone who has diabetes, since most types of alcohol contain sugar and carbohydrates. On top of that, alcohol has been shown to have a wide range of interactions with insulin, potentially causing hypoglycemia or hyperglycemia depending on the person.

Health Solutions

The effects of multiple drug abuse on the brain, heart, liver, or kidneys may prevent the possibility of taking certain detox medications. For this reason, it is of the utmost importance to obtain a personalized medical detox treatment plan from a qualified doctor. The withdrawal process from any addiction is painful and extremely difficult. Detoxing from multiple substances at the same time is doubly as excruciating. For example, cocaine withdrawal creates a variety of severe psychological symptoms while alcohol withdrawal symptoms are often more physically painful. Someone who is addicted to both will have to manage the combined strength of both the psychological and physical withdrawal symptoms.

If you mix a prescription drug with alcohol, either by accident or specifically to get high, there is a high risk of overdose or damage to the body. If you see someone experiencing a drug overdose or alcohol poisoning, it is extremely important to call 911 immediately.

Sedative-Hypnotic Sleep Aids and Alcohol

Condom sabotage isn’t just morally wrong; it’s a form of assault that can have serious emotional, mental, physical, and life-altering consequences. Some women may experience light bleeding between periods while on the pill.

Alcohol and Pills


What is a Discount on Bonds Payable? Definition Meaning Example

bonds payable accounting

Companies present this information in the footnotes to their financial statements. Exhibit 41 shows a portion of the long-term borrowings footnote from Dow Chemical Company’s 2000 annual report. Promissory notes, debenture bonds, and foreign bonds are shown, with their amounts, maturity dates, and interest rates. This includes cash received when the bond is issued, which is recorded on the balance sheet. A bond in accounting should also be recorded in assets and liabilities depending on whether the bond is issued at par, at premium, or at discount. As the discount is amortized, the discount on bonds payable account’s balance decreases and the carrying value of the bond increases.

The carrying value will continue to increase as the discount balance decreases with amortization. When the bond matures, the discount will be zero and the bond’s carrying value will be the same as its principal amount. The discount amortized for the last payment may be slightly different based on rounding. See Table 1 for interest expense calculated using the straight‐line method of amortization and carrying value calculations over the life of the bond. At maturity, the entry to record the principal payment is shown in the General Journal entry that follows Table 1. After the payment is recorded, the carrying value of the bonds payable on the balance sheet increases to $9,408 because the discount has decreased to $592 ($623–$31).

Marketable Vs. Non-Marketable Securities

Student Residence System Bonds – Guarantee repayment from specified revenue streams of the student residence system. Amortization schedules for each bond issuance are provided by Treasury. During the final year of amortization, object code will be used for the entry instead of object code 9210 . The figures, dates, interest rates, and terms included in the following examples are for illustration purposes only. In plain English, you paid the last year of interest and paid the bank back in full for the money you borrowed.

bonds payable accounting

The entry to record the issuance of the bonds increases cash for the $11,246 received, increases bonds payable for the $10,000 maturity amount, and increases premium on bonds payable for $1,246. Premium on bonds payable is a contra account to bonds payable that increases its value and is added to bonds payable in the long‐term liability section of the balance sheet.

Can Companies Issue Stock to Pay Debt?

The last step is to add together the present value of the bond’s face amount and the present value of the coupon payments to get the present value of the bond, which would be the issue price of the bond. The carrying value of the bond will be $200,000, which is the same as bonds payable. This is the maturity date, the date when you need to pay the bank back the $50,000 you borrowed from it. You can really think of this last journal entry as two journal entries. First, you need to record interest expense like you did in the previous entry.

bonds payable accounting

DateAccountDebitCreditDecember 31, 2015Bond Payable$200,000Cash$200,000The entry to record the payment of the bondThe interest expense will be recorded on the income statement for each of the three years. Bond Accounting is the procedure used to record the receipt of cash from the buyer of issued bonds on a business’s balance sheet. Capitalized Interest – Bond interest payments that are made when the facility being financed with the bonds is still under construction and are capitalized as a part of the cost of the bonds payable accounting facility. The day the note payable is issued and you get the cash from the bank is called the inception date. Let’s assume you receive the proceeds of the note payable on January 1, 2017. While the concepts discussed herein are intended to help business owners understand general accounting concepts, always speak with a CPA regarding your particular financial situation. The answer to certain tax and accounting issues is often highly dependent on the fact situation presented and your overall financial status.

Forex education

The Best Forex Brokers and FX Trading Platforms in 2022

Best Forex Trading Platforms for Beginners

Here are the 10 best forex brokers UK for beginners in 2022 that we can recommend with confidence. Answering this question is by no means straightforward but based on your experience level.

Best Forex Trading Platforms for Beginners

It must also have a wide range of trading tools which you can use to help in the analysis of the market. Most useful tools Best Forex Trading Platforms for Beginners for beginners are clear charts, a streaming news source and even an economic calendar, giving upcoming economic events.

#5 eToro

Take note that the wider the spread, the more difficult it is for you to make a profit. Nevertheless, frequently traded currency pairs such as the EUR/USD or USD/JPY often have very tight spread as compared to less frequently traded currency pairs. BDSwiss was founded in 2012 and offers trading accounts regulated under the Mauritius Financial Services Commission and the Cyprus Securities and Exchange Commission.

  • By regulation, we mean that the brokers are subject to federal regulations, and they’re being monitored by the local government to ensure that they’re in compliance with the rules.
  • There are also fees involved if you’re not an active trader or your account doesn’t incur any commissions.
  • Functionality is a key aspect for most traders, since they will typically rely on ingrained charts and order-taking methods built-in from the system.
  • This UK-based broker, which was established in 1999, belongs to the Jefferies Financial Group, a company listed on the New York Stock Exchange.

In some cases, there might be an account maintenance fee or charges related to advanced trading and better tools and resources. Naturally, the best trading platform for beginners is the one you can afford. The mobile version’s design is better and what you would expect from the best online trading platform for beginners. However, as with the Live platform, some of the features you get on the primary website are missing.

XTB — Great for Low Trading Costs

Once you’ve made your initial minimum deposit, you’ll be ready to start trading. Remember to check out our free educational resources to help you get started.

Best Forex Trading Platforms for Beginners

Or it can cause you to go long on a position when you really intended to go short. At the end of the day, all these mistakes will just cause you more frustration and drain you emotionally. Make sure that the broker offers you a reliable trading platform such as the MetaTrader 4 platform or the Sirix WebTrader. As a beginner trader is also important to know that brokers usually offer mobile versions of their platforms.

Is Forex the only asset I can trade on trading platforms?

Choose Broker with Demo account and Test trading skills through Demo accounts with no risk in a virtual environment. It is also good to attend competitions or to interact with other more experienced traders widely available through social trading platforms, copy trading platforms or other tools. Some trading platforms offer the copy trading option, which allows traders to place the same trades as professional traders. This particular feature is what makes eToro stand out from the crowd. We consider it to be one of the best social trading brokers, and an ideal choice if you are a beginner and do not have a clear trading strategy in mind yet. Inexperienced traders need a user-friendly platform that facilitates learning. For example, MetaTrader 4 is preferable to MetaTrader 5, as its interface is simpler and more intuitive.

Best Forex Trading Platforms for Beginners

On the bright side, you’ll enjoy unlimited fee-free withdrawals to your bank account of choice. Even barebones-empty accounts remain eligible to ask for trading advice and assistance; so feel free to reach out with any questions. Although Interactive Brokers’ website and mobile apps can take some time to adjust to; we were impressed by their site’s unique investment categorizations. They offer 1$1 fractional share investing, minimal crypto commission – and much more. The best online brokers 2022 review, our 12th annual, took three months to complete and produced over 40,000 words of research. Our editorial content is independent and unbiased; here’s how we make money.


Accruals and deferrals Accounts 48 French GAAP Accounting Principles Standards 2022

accruals and deferrals

Learning objective number 6 is to prepare adjusting entries to accrue uncollected revenue. The adjusting journal entry required on May 31st is to debit, or increase, Depreciation Expense on Equipment and credit, or increase, the account Accumulated Depreciation on Equipment for $50. Here is the entry made by Webb on January 1st to record the purchase of the policy. A debit, or increase, is made to the asset Unexpired Insurance, and a credit, or decrease, is made to the asset account Cash for $2,400. On subscription, the issuer of bonds with bond warrants records in account 487 the difference between the issue price of the bonds with bond warrants and the current value of the debenture loan. When the warrants are exercised, the deferred income is recorded in the profit or loss over the term of the loan. When the warrants expire, the amount of unexercised warrants is recorded in the profit or loss.

  • Under the expense recognition principles of accrual accounting, expenses are recorded in the period in which they were incurred and not paid.
  • Accruals leads to a decrease in costs and increase in revenues.
  • During March they fixed a computer, but the customer not picked it up or paid by the end of the month.
  • Accruals and deferrals are instrumental in helping this proper reporting of revenues and expenses happen.
  • She is a CPA, CFE, Chair of the Illinois CPA Society Individual Tax Committee, and was recognized as one of Practice Ignition’s Top 50 women in accounting.
  • For example, if you pay $6,000 for six months of rent upfront, you put the $6,000 into a deferred expense account and debit the account $1,000 each month for six months.
  • C) The account balance is needed in determining the book value of the related asset.

It arises when an entity makes a payment for goods or services in advance of receiving them. An example is when a renter pays their quarterly rent payments in advance. A corporation must pay income tax on its taxable income. Corporate taxes are due on March 15th of the year following the year in which the income was earned.

Why defer expenses and revenue?

But the thing with accruals is that you don’t have to wait for the involvement of cash for you to record transactions. However, the cash accounting method does not conform to the US GAAP or the IFRS. Unearned revenue is money received by an individual or company for a service or product that has yet to be provided or delivered.

Since you still have to earn the revenue, you need to defer it even if you already received the payment. And for cash disbursements, you will record an expense. This is to represent the fact that you’ll be parting with cash sometime in the future. This is to represent the fact that you will be receiving cash sometime in the future.

Accrual vs Deferral – Meaning and Differences

Accrued ExpensesAn accrued expense is the expenses which is incurred by the company over one accounting period but not paid in the same accounting period. In the books of accounts it is recorded in a way that the expense account is debited and the accrued expense accruals and deferrals account is credited. A deferral of revenues or a revenue deferral involves money that was received in advance of earning it. An example is the insurance company receiving money in December for providing insurance protection for the next six months.

  • The evidence is compelling in favor of accrual accounting, and it is consistent with what we observe when we see analysts predominantly forecasting earnings rather than cash flows.
  • The journal entry for deferred revenue is Revenue account debit and Deferred revenue account credit.
  • Adjustment entries with a time lag in the reporting and realization of income and expense.
  • Accrual is a very important method to reflect the true position of the company, however, the cash statement also has its importance as it tells about the ability of the company to generate cash in the business.
  • For the fiscal year 2022 close, we will follow the schedule listed below for all expenses.
  • Deferrals are all about timing, within the context of earning revenue and matching expenses.
Cryptocurrency exchange

Best Crypto Exchanges & Brokers 2022 Comparison & Reviews

Best Crypto Exchange for USA

While we are independent, we may receive compensation from our partners for featured placement of their products or services. A great way to dive deeper is by reading our extended reviews of each crypto exchange and researching customer feedback on platforms like Trustpilot as well as industry data. However, once you have purchased what you consider to be a sizable amount of digital assets, you may want to consider transferring the private keys to those assets to a self-custodial wallet. Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address that you nominate. Does the exchange have a reputation as a secure and reliable platform? Finder has reviewed a number of crypto exchanges to craft a list of the best crypto exchanges in the UK.

CFD crypto trading is unavailable for clients residing in the UK and US. The safest crypto exchange overall is Coinbase, which is also the largest crypto exchange in the US by trading volume. Coinbase was ranked as a tier 1 exchange for the majority of sub-categories and is well known for its robust security features. It is important to understand that while registration allows crypto exchanges to operate in the UK, cryptocurrencies are not regulated.

How Does a Crypto Exchange Work?

In the world of cryptocurrencies, it is essential to be updated on price movements and market trends. Every trader wants to be notified about the changes in price for each coin, so they can take advantage of the situation before others do. An internal API can be used to integrate with your database or other systems in order to automate processes or allow users to access information directly from a third-party platform. The first step if you plan to make a crypto exchange is to come up with an idea that will solve a problem in the market or industry. You can also use an existing idea and tweak it to meet your needs. The Coinbase fee is whichever is the greater of either the flat fee or the variable percentage fee, which is determined by region, product feature, and payment type.

  • In April 2021, Coinbase became the first cryptocurrency platform to list on a US stock exchange with a valuation of around $86 billion.
  • Invest, earn yield, and exchange crypto with ease and confidence.
  • Once you transfer cryptocurrencies out of the trading platform, you cannot send them back.
  • As a good rule of thumb, look for platforms that are registered with the UK’s financial watchdog, the FCA.
  • It offers 100x margin trading in the following cryptos; BTC, XRP, ETH, EOS, and USDT.

Coinbase fees reduce in proportion to the total amount of the transaction, so a larger purchase will saddle you with lower fees than a smaller one. For instance, Kraken offers the trader the option of flipping a spot position on margin. Meaning, if you notice that your open trades are not going your way, you are free to open an opposite position of a higher volume using margin. The intention, in this case, is to offset the loss-making trade and earn a profit on top. Hence, you can flip a long position into a short one and a short position to a long position. Note that for beginner traders, the concept of flipping may be complicated and pose an additional risk of incorrectly implementing it. A trader can open a $1000 worth position with $10 of the actual investment.

Virtual worlds championed by Mark Zuckerberg threaten the financial system, warns Bank of England

Traders should be wary of any that claim to provide passive income. Ensure any bots are thoroughly back-tested before investing real funds. Leverage, also known as margin trading, allows traders to borrow cryptocurrency from brokers to increase their position size. Investors essentially multiply the results of their trades by executing positions at 2 or 3 x what their original deposit would allow.

He represents PwC Switzerland in the Crypto Valley Association . Through CVA, Adrian is closely collaborating Best Crypto Exchange for USA with market participants, such as incubator, accelerator programs and Crypto Valley Labs.

Revolut adds crypto spending to its debit cards

When researching which crypto exchange in the UK to use, remember to take a look at what insurance and security features the exchange has in place. Not all crypto exchanges are created equal and not all crypto buyers and sellers have the same trading needs.

Sober living

Effective Treatments for Alcohol Use Disorders

This may be more reliable and convenient than oral pills, especially if you think you may forget or be unwilling to take a pill every day. But keep in mind that support groups aren’t for everyone, and they may not be helpful for some people.

  • Art and music therapy sessions are taught by therapists specifically to help people with alcoholism.
  • You may find that many of your activities involve drinking.
  • Electrolyte and acid-base abnormalities including hypokalemia, hypomagnesemia, hyponatremia, hyperuricemia, metabolic acidosis, and respiratory alkalosis are common in people with alcohol use disorders.
  • She is a Certified Addiction Professional , Certified Behavioral Health Case Manager , and International Certified Alcohol and Drug Counselor by the Florida Certification Board.

There are many forms of psychotherapy that a therapist might use to help clients in alcohol addiction recovery. Two of the most commonly used types include cognitive behavioral therapy and dialectical behavior therapy.

Starting With a Primary Care Doctor

While there are no specific tests to diagnose alcohol use disorder, certain patterns of lab test results may strongly suggest it. And you may need tests to identify health problems that may be linked to your alcohol use. Research shows that most people who have alcohol problems are able to reduce their drinking or quit entirely. Matching the right therapy to the individual is important to its success. It may also be helpful to determine whether treatment will be adapted to meet changing needs as they arise.

How do you get someone to admit they have a drinking problem?

  • See how they feel about change.
  • Plan and pick a good time.
  • Avoid blame and accusations.
  • Use examples to explain.
  • Don't give mixed messages.
  • Be prepared for resistance.
  • Don't push the issue.
  • Don't give up.

At the end of four to six months of treatment with the Sinclair Method, 80 percent of people who had been overusing alcohol were either drinking moderately or abstaining entirely. Disulfiram was first developed in the 1920s for use in manufacturing processes. The alcohol-aversive effects of Antabuse were first recorded in the 1930s. Workers in the vulcanized rubber industry who were exposed to tetraethylthiuram disulfide became ill after drinking alcohol.

The First Step Of Recovery From Alcohol

Partial hospitalization programs , the most intensive form of outpatient care, is a level of care that entails patients living at home while attending treatment for up to 10 hours every day, most days of the week. This is a highly supportive and structured form of outpatient treatment. It can be beneficial for those unable to commit to an inpatient stay, but who still require a highly intensive level of care. Alcohol use disorder commonly occurs along with other mental health disorders.

However, if left untreated, alcoholism can trigger a wide range of additional problems such as health complications, financial troubles, relationship issues and professional disruptions. The sooner you or a loved one gets help, the greater the chance for lasting sobriety. We’re here 24/7 to help guide you or your loved on through rehab and recovery. Submit your number to Alcohol Addiction Treatment receive a call today from a treatment provider. If you or a loved one is ready to overcome an alcohol addiction, reach out today. Treatment providers can connect you with programs that provide the tools to help you get and stay sober. Online therapy for alcoholism can involve several techniques and approaches, which some people may find adapt better to a virtual format.

Overcoming Alcohol Addiction

Try taking a class, joining a church or a civic group, volunteering, or attending events in your community. Write your drinking goal down and keep it where you will frequently see it, such as on your phone or taped to your refrigerator. Distance yourself from people who don’t support your efforts to stop drinking or respect the limits you’ve set.

Forex Trading

Capital intensive technique would be chosen in aalabour surplus economy where the relative price of capital is lowerbcapital surplus economy where the relative price of capital is lowercdeveloped economy where technology is betterddeveloping economy where technology is poorCorrect answer is option ‘B’ Can you explain this answer? EduRev CA Foundation Question

Program Evaluation and Review Technique .— The basic concept of PERT requires concise visualization of all the individual tasks to completes a given project. These are classified as “events”, stages of completion, and “activities”, placed in sequential order, and various time estimates are prepared for each activity. The sequence in which the activities are scheduled to be performed creates ” paths “, from the beginning to the end of the project network. The time required by the paths is determined by totaling the time for each activity along the path. The most significant results of the calculation involved with PERT are the determination of a ” critical path ” and ” slack time ” for the network.

  • Third, the resources are efficient and fully employed.
  • In view of all these considerations, we regard the rate of development indicated in the graph as not only the minimum that the community will have to aim at over the next few quinquenniums but as something which must be exceeded.
  • In the initial stages of development, divergence in the economic and social interests of different sections of the community may create special problems.
  • The above ratios, compared from year to year, provide useful information for judging the financial performance of the Railways.

In English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Further, the analysis brings out the fact that despite being labour intensive in nature, the labour productivity of manufacturing MSMEs is significantly low compared to large firms. TFP, which is an indicator of technical progress, also exhibits a sharply declining trend for manufacturing MSMEs in recent years. In addition, not only has there been a structural shift in the output composition of the MSME sector towards more capital-intensive industries, there has also been a possible replacement of labour with capital in major labour-intensive industries within MSMEs. All these facts suggest that instead of solely emphasising on the labour-intensive production process of MSMEs, policies should be designed such that the sector achieves its efficient scale of production and dynamism.

Production Possibility Curve

Indi ;n enterprise has made considerable headway, and the country has now considerable experience in the fileds of modern business, industry and finance. New economic and social relations have emerged, giving rise in turn to a general desire for more rapid change. But the development that has taken place is partial and limited when judged in terms of the country’s needs and potentialities. Industrialism and the use of modern techniques have affected only limited segments of the economy. Agriculture is still the mainstay of life for about 70 per cent of the population, and productivity in this sector is exceedingly low. The size of agricultural holdings has progressively diminished ; the old cottage and small-scale industries have been decaying, and the rural population which constitutes about 83 per cent of the total suffers from chronic underemployment and low incomes.

What factors affect prices?

  • Costs and Expenses.
  • Supply and Demand.
  • Consumer Perceptions.
  • Competition.

Capital intensive method of production refers to a business process or industry in which the proprtion of capital required is more in comparison to labour. Labour intensive technology of production refers to the technique in which more labour per unit of output is used. On the other hand capital-intensive technology uses more capital per unit of output. Production possibility curve is also known as Production Possibility Frontier or Production Possibility Boundary. It shows alternative possibilities of two goods that can be produced with the usage of the given resources and techniques of production.

What are Labour intensive jobs?

Responses of individuals or of groups of individuals and of classes cannot always be predicted in advance. Even if the conceptual relationships between different aspects of the phenomena under study are clearly understood, there is often the lack of precise statistical data on which to base an assessment of the requirements of a given situation. It follows that a considerable part of the planning authority’s task is to assess the significance of some of these indeterminate or partially known factors at work in the life of the community and to recommend policies on the best judgment available. While many labor-intensive jobs require low levels of ability or schooling, this isn’t true of all labor-intensive positions. For the underdeveloped and creating economies, labor intensive business structure could be proved to be a better choice than a capital intensive one for a fast economic growth . For the countries, which are not rich and generate low level of revenue, labor intensive trade can bring financial progress and prosperity.

  • Capital Intensive Industry refers to that trade, which requires substantial amount of capital for the production of products.
  • One of the most crucial problems of the economy is to decide which commodities shall be produced for which sections of society.
  • It arises because people have unlimited desires but the means to satisfy that desire is limited.
  • This also implies that small changes in sales can lead to huge adjustments in income and return on invested capital.
  • While many labor-intensive jobs require low levels of ability or schooling, this isn’t true of all labor-intensive positions.

No, production will take place on PPC, if the resources are either underutilised or inefficiently utilised or both. In such case, production will take place on any point below the curve AB, like point H. Any point below the PP curve, thus highlights the problem of unemployment and inefficiency in the economy. Financial planning is the process of preparation of a financial blueprint of an organisation’s future operations. The objective of financial planning is to ensure that enough funds are available at right time. It implies the production is taken into a ratio where percentage of capital used is much high than the use of labour.


Name any three variables of macroeconomics. Give two examples of underutilisation of resources. State two features of resources that give rise to an economic problem.

  • Use, such ratios do not have the highest regard, at least not for reliability, but one ratio, return on capital, has achieved extreme and diversified recent application .
  • How to produce refers to a problem in which decision regarding which technique of production should be used is made.
  • Even conceptually, these, relationships are very complex.
  • Doubling per capita consumption does not, for instance, mean doubling of cereal consumption.

One of the most crucial problems of the economy is to decide which commodities shall be produced for which sections of society. For instance, essential goods and services are in demand from all sections of society, but only certain sections of society have a demand for luxury commodities. At the same time, choices of goods and services rest on prevalent tastes and preferences in an economy.

Answers and Solutions

Under these conditions, the greater the responsiveness of the party in power to trends of opinion outside, the greater will be its effectiveness for action. The smooth functioning of the party system rests on an underlying agreement as to objectives, though there may be differences as to approach or to the pace of change with reference to certain problems. These differences are a necessary concomitant of democracy ; they ensure a continuous re-examination and re-adaptation of governmental policies. The rights of free expression of opinion and of reedom of organisation inhere in the very concept of government by consent.

capital intensive technique refers to

It has to make a choice between different goods and services. How do ‘Choice of Technique’ and ‘Nature of Business’ affect the ‘Fixed Capital’ requirements of a company?

Distinguish between labour-intensive and capital-intensive technology of production.

Two advantages of capital intensive policy is that they dont have to satisfy giant payrolls, and there is a practically fixed fee of productiveness. Capital Intensive Industry refers to that trade, which requires substantial amount of capital for the production of products. Labor prices encompass the entire prices necessary to secure the human capital needed to complete work. These costs rms margin exceeds can embody funds directed towards base wages, along with any benefits that could be given. Because labor prices can be adjusted throughout market downturns via layoffs or reductions in benefits, labor-intensive industries have some flexibility in controlling their bills. Labour intensive technique promotes employment whereas capital intensive technique promotes efficiency and growth.

capital intensive technique refers to

During the period of the present Five Year Plan, considerable progress will have been made in expanding irrigation, power, basic industries, transport and other services and these will provide, directly as well as indirectly, new avenues of employment. After the five year period, the pattern of priorities may to some extent change, but since aggregate investment will be continually stepped up, employment opportunities will expand rapidly. Through progressive increase in irrigation facilities, the scope for double-cropping will be enlarged and seasonal unemployment will diminish. Rural electrification will open up prospects for the establishment not only of large scale but also of cottage and small scale industries. As commodity production goes up, the scope for employment in services will also grow.

The graphic representation of the same will form a curve showing the different possibilities of production with the given resources and technology. Any point outside the boundary line of the production possibility curve will represent , unattainable combination of output of the two goods. The use of capital intensive technology increases per capita profit or income of production unit. Macroeconomics is the part of economic theory that studies the economy as a whole, such as national income, aggregate employment, general price level, aggregate consumption, aggregate investment, etc. Priority will no doubt go to such external investment as is available from institutions organised on an international basis.

Precisely for the reason that the development of a country is a somewhat long-term process, the institutional and other factors which affect it can be changed to the desired extent and in the desired direction through conscious effort. Moreover, a programme of development even for the short period would fail to have direction and perspective unless it is in some way linked to certain long-term targets and objectives relating to the kind of economy and social framework which it is proposed to evolve. While developmental planning, as stated above, is an all embracing process, which cannot be compartmentalised, the accent of endeavour under present conditions in India has to be on economic development.

What increases demand?

The demand for a good increases, if the price of one of its complements falls. The demand for a good decreases, if the price of one of its complements rises. The demand for a normal good increases if income increases. The demand for an inferior good decreases if income increases.

Industrial development naturally requires more capital, but here too there are differences from country to country depending on the capital intensity of the industries concerned. Before the War, for instance, capital per occupied person in manufacturing industry was about three times as high in Canada as in Australia, while in the realtively more undeveloped countries of South Eastern Europe it was a quarter to a third less than even in Australia. As development proceeds, external economies also become more evident, and this has the effect of reducing the amount of capital required per unit of output. The capital-output ratio also depends in a given period on the extent to which installed equipment in industry and transport is utilized ; if it is used more intensively, say by multiple shift working, the output as a proportion of the capital invested would naturally tend to be greater than otherwise.


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