The word Economics has been derived from the two Greek words ‘Oikos’ (a house) and ‘Nemein’ (to manage). Thus the economics means ‘Household management’. Earlier, it used to be called as ‘Political Economy’.
Meaning of Economics:-
Economics is not very old but there is no seprate defination of economics, earlier there were various definations of economics. The economics is divided into four parts:-
Wealth defination by Adam Smith.
Welfare defination by Alfred Marshall.
Scarcity defination by Lionel Robbins.
Growth Oriented defination by Samuelson.
Wealth Defination:-
According to Adam Smith ‘Economics is the science of wealth’. In the ordinary language, wealth means money, but in Economics, the term Wealth has a special meaning. In Economics, wealth refers to those goods which satisfy human wants. Adam smith was one of the view that economics is concerned with the probloems arising from wealth-getting and wealth-using activites of people.He was interested mainly in studying the ways by which the wealth of all nations could be increased.
Welfare Defination:-
According to Alfred Marshall, ‘Economics is a study of man in the ordinary business of life. It enenquires how he gets his income and how he uses it’. According to Marshall, the primary object and end of economics is the promotion of material welfare, which is part of human welfare. Due to this reason, he shifted the emphasis from wealth to welfare.
Scarcity Defination:-
According to Prof. Lionel Robbins, ‘Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses’. Scarcity Definition is based on following fundamentals charactersitics of human existence, which gives rise to economic problem:-
Unlimited Wants.
Scarcity of Resources.
Alternative Uses.
Growth Oriented Defination:-
According to Prof. Samuelson, ‘Economics is the study of how man and society choose, with or without the use of money, to employ scarce produtive resources, which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future among various people and groups of society’.
So, from all this four defination we conclude a single defination of Economics and Generally used by many Economist-
‘Economics is the study of how people and society choose to employ scarce resources that could have alternative resources that could have alternative uses in order to produce variousn commodities that satisfy their wants and to distribute them for consumption among various persons and Groups in society’.
Thank you for reading this Article. Team Indian legends.
William Henry Gates III (born October 28, 1955) is an American business magnate,software developer, investor, and philanthropist. He is best known as the co-founder of Microsoft Corporation.During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO),president and chief software architect,while also being the largest individual shareholder until May 2014. He is one of the best-known entrepreneurs and pioneers of the microcomputer revolution of the 1970s and 1980s.
Born and raised in Seattle, Washington, Gates co-founded Microsoft with childhood friend Paul Allen in 1975, in Albuquerque, New Mexico; it went on to become the world’s largest personal computer software company.Gates led the company as chairman and CEO until stepping down as CEO in January 2000, but he remained chairman and became chief software architect. During the late 1990s, Gates had been criticized for his business tactics, which have been considered anti-competitive. This opinion has been upheld by numerous court rulings. In June 2006, Gates announced that he would be transitioning to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation that he and his wife, Melinda Gates, established in 2000. He gradually transferred his duties to Ray Ozzie and Craig Mundie.
Since 1987, he has been included in the Forbes list of the world’s wealthiest people. From 1995 to 2017, he held the Forbes title of the richest person in the world all but four of those years.” In October 2017, he was surpassed by Amazon founder and CEO Jeff Bezos, who had an estimated net worth of US$90.6 billion compared to Gates’s net worth of US$89.9 billion at the time. As of August 2020, Gates had an estimated net worth of US$113.7 billion, making him the second-wealthiest person in the world, behind Bezos.
Later in his career and since leaving day-to day operations at Microsoft in 2008, Gates has pursued a number of philanthropic endeavors. He has given sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world’s largest private charity.
Gates read the January 1975 issue of Popular Electronics which demonstrated the Altair 8800, and he contacted Micro Instrumentation and Telemetry Systems (MITS) to inform them that he and others were working on a BASIC interpreter for the platform.In reality, Gates and Allen did not have an Altair and had not written code for it;they merely wanted to gauge MITS’s interest. MITS president Ed Roberts agreed to meet them for a demonstration, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration was held at MITS’s offices in Albuquerque, New Mexico; it was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. MITS hired Allen,and Gates took a leave of absence from Harvard to work with him at MITS in November 1975. Allen named their partnership “Micro-Soft”, a combination of “microcomputer” and “software”, and their first office was in Albuquerque. The first employee Gates and Allen hired was their high school collaborator Ric Weiland.
Microsoft’s Altair BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked out and was being widely copied and distributed. In February 1976, he wrote an Open Letter to Hobbyists in the MITS newsletter in which he asserted that more than 90% of the users of Microsoft Altair BASIC had not paid Microsoft for it and the Altair “hobby market” was in danger of eliminating the incentive for any professional developers to produce, distribute, and maintain high-quality software. This letter was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems.
Gates said he personally reviewed and often rewrite every line of code that the company produced in its first five years. As the company grew he transitioned into a manager role, then an executive.
Gates had primary responsibility for Microsoft’s product strategy from the company’s founding in 1975 until 2006. He gained a reputation for being distant from others; an industry executive complained in 1981 that “Gates is notorious for not being reachable by phone and for not returning phone calls.” An Atari executive recalled that he showed Gates a game and defeated him 35 of 37 times. When they met again a month later, Gates “won or tied every game. He had studied the game until he solved it. That is a competitor”.
Gates met regularly with Microsoft’s senior managers and program managers, and the managers described him as being verbally combative. He also berated them for perceived holes in their business strategies or proposals that placed the company’s long term interests at risk. He interrupted presentations with such comments as “that’s the stupidest thing I’ve ever heard”and “why don’t you just give up your options and join the Peace Corps?”
During Microsoft’s early years, Gates was an active software developer, particularly in the company’s programming language products, but his primary role in most of the company’s history was as a manager and executive. He has not officially been on a development team since working on the TRS-80 Model 100, but he wrote code that shipped with the company’s products as late as 1989 Jerry Pournelle wrote in 1985 when Gates announced Microsoft Excel: “Bill Gates likes the program, not because it’s going to make him a lot of money (although I’m sure it will do that), but because it’s a neat hack.”
Bill Gates net worth is 11,560 crores USD.
Thank you for reading this article. Team Indian legends.
The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. India’s growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics.The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has “magnified pre existing risks to India’s economic outlook”.
Unemployment rose from 6.7% on 15 March to 26% on 19 April and then back down to prelockdown levels by mid-June.During the lockdown, an estimated 14 crore (140 million) people lost employment while salaries were cut for many others.”13 More than 45% of households across the nation have reported an income drop as compared to the previous. The Indian economy was expected to year. lose over $32,000 crore (US$4.5 billion) every day during the first 21-days of complete lockdown, which was declared following the coronavirus outbreak. Under complete lockdown, less than a quarter of India’s $2.8 trillion economic movement was functional.Up to 53% of businesses in the country were projected to be significantly affected. Supply chains have been put under stress with the lockdown restrictions in place; initially, there was a lack of clarity in streamlining what an “essential” is and what is not. 191 Those in the informal sectors and daily wage groups have been at the most risk. A large number of farmers around the country who grow perishables also faced uncertainty.
Major companies in India such as Larsen & Toubro, Bharat Forge, UltraTech Cement, Grasim Industries, Aditya Birla Group, BHEL and Tata Motors have temporarily suspended or significantly reduced operations. Young startups have been impacted as funding has fallen. Fast-moving consumer goods companies in the country have significantly reduced operations and are focusing on essentials. Stock markets in India posted their worst loses in history on 23 March 2020.However, on 25 March, one day after a complete 21-day lockdown was announced by the Prime Minister, SENSEX and NIFTY posted their biggest gains in 11 years.
The Government of India announced a variety of measures to tackle the situation, from food security and extra funds for healthcare and for the states, to sector related incentives and tax deadline extensions. On 26 March a poor were announced totalling over number of measures which would make available 374,000 crore (US$52 billion) to the country’s financial system. The World Bank and Asian Development Bank approved support to India to tackle the coronavirus pandemic. Number of economic relief measures for the 170,000 crore (US$24 billion).
The next day the Reserve Bank of India also announced a number of measures which would make available 374,000 crore (US$52 billion) to the country’s financial system. The World Bank and Asian Development Bank approved support to India to tackle the coronavirus pandemic.
India’s economy is expected to grow 1.5 per cent to 2.8 per cent in the 2020-21 fiscal which started on April 1, the World Bank said in its South Asia.Economic Focus report. It estimated.India will grow 4.8 per cent to 5 per cent in the 2019-20 fiscal that ended on March 31.
GDP growth rate in previous years:-
[1].2018:- 6.12%
[2].2019:-4.23%
[3].2020:-1.87
Thanks for reading this article team Indian legends!!
Naman Mathur Popularly known as Mortal For Soul Mortal, Mortal Popular Indian Gamer and Streamer. Naman mathur is Creator Of channel Mortal. Mortal upload Gaming Videos and Live stream on his Channel. The top 10 popular Indian gaming channel in one. He was born and raised in Mumbai, India. As of Now his Youtube channel has over 5.78million subscribers, and Mortal Joined Youtube Family on Sep 23, 2013.
His professional life is going very smooth. With over 5.78 million subscribers, his channel got highest number of subscribers on his video “Oppo India Star Challenge” on this day he got 35K subscribers in signal day. His channel is gaining over 15,000 subscribers every day, Also, he gains around 1.5M to 2.0M views every day.
Mortal was famous on his signal video – “Every PUBG Player Will watch this Ending” as on date this video has over 10 million views.
Mortal has multiple sources of income, not just youtube ad revenue. He earn through AdSense, Superchats, PayTM/ GPay donations, and membership.
His starting life was so struggling when he was 5-6 years old his dad passes away and now from that point to now he is with his brother and her mother. He lives in Mumbai, Maharashtra, India. His height is 5.5 inches. His eye colour is black.
Mortal is one of the top earner in the whole pubg mobile community. He has won many tournaments and in some secured a reputable position. He alone has earned more than 40k USD from the E sports tournaments. Also in his every stream on an average he receives superchat Google pay donations close to 50000 INR per day.
His E-sports career:-.
• 1st position in PMIS 2019 – Prize:
41,000 USD Approx
• 1st rank in PMCO: Spring Split India – Prize: USD 60,000
• 12th rank in PMCO: Spring Split Global – Prize: USD 2500
• 13th place in Pubg Mobile Star Challenge:[PMSC2019] – Prize 3000 USD
• 10th Position in PMCO South Asia Group: Prize USD 600
• 15th position in qualifiers PMCO.
Soul mortal affairs:-. The most asked question about Mortal Girlfriend As per some live Stream and social media Soul Mortal has a girlfriend and his Name Is Raven and she is also Gamer. In one of the live streams, Mortal Propose Raven in the live stream and now Mortal is Unmarried.
Mortal with Raven
India’s most popular PUBG MOBILE player/streamer, SouL Mortal has become the first Indian to has been nominated in the ‘Streamer most popular streamers from around the world be nominated for the E-sports Awards. Naman Mathur aka Mortal of the Year’ category at E-sports Awards 2020 along with some of the the big streamers. He is in the top 3 for this award he make India proud on it and so many congratulations to him.
Thank you for reading this article team Indian legends. I am also big fan of mortal.
1. Tik Tok:-No Alternative app. 2. Share it:- Files by Google. 3.Kwai:- YouTube. 4.Uc Browser:- Google Chrome. 5.Baidu map:- Google maps. 6. Shein:- Flipkart and Amazon. 7. Clash of Kings:- Clash of Clans. 8. Battery saver:- No Alternative. 9.Helo:- Youtube. 10. Likee:- kinemaster. 11. Youcam makeup:- PicsArt. 12. Mi Community:- No Alternative. 13. Cm Browser:- Google Chrome. 14. Virus Cleaner:- No Alternative. 15. Apus Browser:- Google Chrome 16. Romwe:- Amazon and Flipkart. 17. Club Factory:- Flipkart. 18. News Dog:- Jio news. 19. Beauty Plus:- Pics Art. 20. WeChat:- Whatsapp Messenger. 21. Uc News:- Jio news. 22. QQ mail:- Gmail. 23. Weibo:- WordPress. 24. Xender:- Files by Google. 25. QQ Music:- Spotify. 26. Bigo live:- YouTube. 27. Selfie City:- No alternative. 28. Mail master:- Gmail. 29. Parallel space:- No Alternative. 30. Mi video call:- Google Duo. 31. We sync:- No Alternative. 32. QQ news feed:- Jio News. 33. Es file explorer:- Files by Google. 34. Viva video:- Kinemaster. 35. Meitu:- PicsArt. 36. Vigo video:- YouTube. 37. New video status:- No Alternative. 38. Du recorder:- In-built recorder. 39. Vault hide:- No Alternative. 40. Cache cleaner du app studio :- Do not use this type of app. 41. Du cleaner:- Do not use this type of app. 42. Du Browser:- Google Chrome. 43. Hago play with friends:- No Alternative. 44. Cam scanner:- Adobe scanner. 45. Clean master:- No Alternative. 46. Wonder camera:- In-built camera. 47. Photo wonder:- PicsArt. 48. QQ player:- Mx player. 49. We meet:- Google Duo. 50. Sweet selfie:- In-built camera. 51. Baidu translate:- Google Translate. 52. Vmate:- No Alternative. 53. QQ International:- Do not use this type of app. 54. QQ security center:- Do not use this type of app. 55. QQ luncher:- Nova launcher. 56. Vfly status video:- No Alternative. 57. Uvideo:- No Alternative. 58. Mobile legends:- Any other Games. 59. Du privacy:- Do not use this type of app.
Player Unknown Battlegrounds(PUBG) is an online multiplayer battle royale game development published by pubg corporation subsidiary of South Korean video game company Blue Hole.
Source:- Dataquest.com
Publisher:-Pubg Corporation (PC,PS4). Microsoft Corporation(Xbox one) Tencent games (Mobile).
Director:-Brendan Greene and Jang Tae Seok. Producer:-Kim Chang-han. Plateform:-Microsoft windows Android, iOS, Xbox one and PS4, stadia.
Release:-December 20 2017 on Microsoft windows, On Android and IOS March 19, 2018,On PlayStation 4 December 7, 2018 and On stadia on April 28, 2020.
PUBG Mobile is an South Korean game but Chinese company name Tencent games had buyed PUBG Game.Now these Chinese companies making a profit of 7-8 million dollar per month globally.Whenever the new royal pass has launched Tencent income grew about 220000 dollars per day. The average amount spent birthday on pubg mobile is about 650000 dollar per day.
PUBG is a fabulous game but getting addicted to it can give rises to a certain mental and physical health issues that you, yourself may not be aware of.
So, here are some negative side effect of PUBG mobile:-
1. It is extremely violent:-. Pubg has been under scrutiny for being a violent game.excessive violence can trigger aggressive thoughts, emotions and behaviour that ultimately affects the mental health of the player, So because of this violence Chinese government banned PUBG Mobile for being an aggressive game.
Source:- www. windowscentral.com
2. It leads to gaming addiction:-. Plane too much public and make you less productive.video game addiction is not a new thing but you should know that this is not good for one’s mental health. And here’s is one of the example to show the gaming addiction is not good for health.
Source:- Red bull
Example:- A Child in India used to play PUBG Mobile for 6 to 7 hours, he is an gaming addicted child because of this the child use to look down continuously and used to play pubg mobile, because of this his neck broked and his family goes to hospital to get their child cured.
3. You can end up becoming less socially active:-. Most of the Gamer spend their entire day playing games like PUBG which means they end up becoming less socially active.
4. It promotes bad physical health:-. Just sitting around in one place and playing for long hours is not good for your physical health.One tends to become lazy, also staring at your computer screen for long time can give you headaches.
Source:- www. Cashify.com
5. It affects mental health:-. Those who are addicted to playing PUBG can get easily stressed out or face anxiety issue in public due to lack of social interaction.
6. It disrupts your sleep pattern:-. You should know that sitting in front of the computer screen for too long can make it hard for you to sleep even if you finally decide to call it day.
www. allgamers.com
7. There is no time to do anything else:-. I am sure you know that a single game of PUBG can take up to an hour to complete the match. Even if you play 5 matches a day, it means that you will be wasting about 4 to 5 hours everyday doing nothing productive.
At last I want to tell you that don’t play PUBG for 4 to 5 hours get touch with your family and your surroundings and China is also making a million dollar profit that makes in India.
Credit goes to:-. Www.wikipedia.com. Www.quora.com. Www.scoopwhoop.com. Google images. Indian media
Special credit goes to:- Sarwagya Sharma.
Thanks for reading this article team Indian legends.
A Video game console is a Computer device that outputs a video signal or visual image to display a video game that one or more people can play.
The first video games appeared in the 1960.They were played on Messive computers connected to vector display’s, not analogue televisions.
The term “video game console” is primarily used to distinguish a console machine primarily designed for consumer to use for playing video games, in contrast to arcade machine or home computers.
The history of play stations:-. Psp(the PlayStation portable):-The PlayStation portable is a handheld game console developed and marketed by Sony computer entertainment. It was first released in Japan on December 12, 2004. In North America on March 24, 2005 and in PAL regions on September 1, 2005 and is handheld installment in the PlayStation line of consoles and its price is 2,000 rupees in Indian markets.
PS2 (PlayStation 2):-. The PS2 was launched in March 2000 in Japan, October in North America and November in Europe. Sales of the console, games and accessories pulled in 250 million dollar on the first day, beating the 97 million dollar made on the first day of the dreamcast.Its price is 5000 rupees in India.
PS3 (PlayStation 3):-. The Playstation 3 was first released in Japan on November 11, 2006 at 7:00. According to Media Create, 81639 PS3 system were sold within 24 hours of its introduction in Japan. Soon after its release in Japan, PS3 was released in North America November 17, 2006. It’s starting price is 17400 rs in India.
PS4 (PlayStation 4):-. The console was released on November 15, 2013, in the United States and Canada, followed by farther releases on number 29, 2013. By the end of 2013, The PS4 was launched in more European, Asian, and South American countries. The PS4 released in Japan at ¥39,980 on February 22, 2014. Its starting price in India is 41500rs.
PS5(PlayStation 5):-. Is console is launched in June 2020. Ps5 contains AMD Zen 2-best CPU with 8 cores at 3.5 GHz, 16 GB of GDDR6 memory and a custom RDNA 2 AMD GPU that puts out 10.28 TFLOPS of Processing Power. It’s price in India is 33000rs.
Thanks for reading this article team Indian legends. Have a great day thank you.
Credit Goes to:- Wikipedia, Sony computers and 99 mobile’s
Mahendra Singh Dhoni was born on 7 July 1981 he is an professional cricket player who captained the Indian National anthem in limited over time from 2007 to 2016. He is the only captain in history who won all the three ICC trophies. Under the captaincy of Dhoni India won 2007 T-20World Cup , 2011 50-over world cup and many more cups like Asia Cup, champions league etc.
Dhoni is one of the highest run scorer in one day international with more than 10000 runs.Dhoni also hold numerous captaincy record such as the most wins by an Indian captain in ODI and T20 and most back-to-back wins by an Indian captain in ODI.
In 2013 under his captaincy India become the first team in more than 40 years to whitewash Australia. In the year 2007 Dhoni debut with CSK in IPL as the captain of CSK. And in the captaincy of Mahendra Singh Dhoni CSK lifted three times IPL trophies.
He is also known as the man of the coolest cricketer in the world and also called captain cool.
About his personal life:-India 2010 Dhoni gets married with Sakshi Singh Rawat on July 4 2010 at that time Sakshi was an hotel management student and was working as a trainee in the hotel.Dhoni became father of ziva on 5th February 2015 at that time he was in Australia as a captain of Indian team in 2015 world cup.
Dhoni’s also get some national honour’s:- In 2018 he won Padma Bhushan, In 2009 he won Padma Shri, In 2007 and 2008 he won Rajiv Gandhi Khel Ratna puraskar.
Dhoni get some sporting honours:- ICC ODI player of the year in 2008 and 2009.
ICC world ODI:- 2006, 2008, 2009, 2010, 2011, 2012, 2013, 2014 also captain in 2009-2011 and 2014.
Here are Mahendra Singh Dhoni’s some statistics:-
Now from 2018 Dhoni is living with family in Ranchi.
For contact: dubeyyash97@gmail.com. Good bye you may have a great day. This was my first biography of Mahendra Singh Dhoni after this biography I will publish more biography of Indian legends good bye.
Indian legends 