Monday, March 9, 2009

The One Where The Illiterate Person Sells All Books For "Paani-Puri"

A literate person derives more utility by reading books. But an illiterate person may not read but sell all such books for the sake of "Paani-Puri"

- Refresher Course Economics Std XII

An industry consists of different groups. Let us take the example of 'Cloth Industry'. In cloth industry one group specializes on suitings, another on shirts, the third one on banians and so on.

- Economics Text Book Std XII