Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related

Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System

Explain: -In economy “development stage” means starting of steadily increasing economy

Explain: -South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”

Explain: -Internal profit are made to firms when they expand their products. High level productivity, labour-division and modern equipments when used in better way, then internal profit is made. They are called as internal because firms increase their quality & quantity of production then only they gain internal profit.

Explain: -Intensive industry are those industries which need large amount of capital for investment.