Economics

Budget line is a graphical representation of all possible combinations of two goods which can be purchased with given income and prices, such that the cost of each of these combination is equal to the money income of the consumer. Alternately, budget line is locus of different combinations of the two goods which the consumer consumes and which cost exactly his income.
Important points about budget line:
1. Budget line AB slopes downwards as more of one good can be bought by decreasing some units of the other good.
2. Bundles which cost exactly equal to consumers money income (like combinations E to J) lie on the budget line.
3. Bundles which cost less than consumer's money income (like combination D) shows under spending. They lie inside the budget line.
4. Bundles which cost more than consumer's money income (like combination C) are not available to the consumer. They lie outside the budget line.

The hotel management is one of the highly job oriented field. It covers a wide range of services including food service, accommodation and catering.
The major job fields in the hospitality sector include:
1. Hotels.
2. Resorts.
3. Fast food chains,
4. Restaurants, etc.
A hotel management professional can be employed in any of the above mentioned fields. The hotel management field is always been a hot career options among the students, with the globalization more and more hotel industries as expanding their business to the global markets. This has created a huge demand of hotel management professionals. If you are looking for a career in hotel management, then there are a certain eligibility criteria that you have to fulfill.
Certificate course: The certificate courses are generally short-term courses for the duration of 6 months to one year. The candidates can pursue these courses after completing their class 12th.
Diploma course: A candidate must pass class 10th or 12th with minimum 40% marks with English as a compulsory subject.
Degree course: for an undergraduate degree in hotel management, the candidate must be class 12th passed with minimum 50% with English as a compulsory subject.
Postgraduate degree course: After completing an undergraduate degree program, the candidate may go for a postgraduate program. The basic eligibility for this program is 45% marks in graduation from a recognized university.