SOME BASIC CONCEPTS OF MACROECONOMICS The economic wealth, or well-being, of a country thus does not necessarily depend on the mere possession of resources; the point is how these resources…
SOME BASIC CONCEPTS OF MACROECONOMICS The economic wealth, or well-being, of a country thus does not necessarily depend on the mere possession of resources; the point is how these resources…
EMERGENCE OF MACROECONOMICS Macroeconomics, as a separate branch of economics, emerged after the British Economist John Maynard Keynes published his celebrated book The General Theory of Employment, Interest and Money in…
Nations have been primarily trying to adopt various means which will strengthen their own domestic economies. To this effect, they are forming regional and global economic groupings such as the SAARC,…
ENVIRONMENT — DEFINITION AND FUNCTIONS Environment is defined as the total planetary inheritance and the totality of all resources. It includes all the bioticand abiotic factors that influence each other. While…
WHAT IS INFRASTRUCTUREprovides supporting services in the main areas of industrial and agricultural production, domestic and foreign trade and commerce. services include roads, railways, ports, airports, dams, power stations, oil and…
What is employment? Who is a worker? When a farmer works on fields, he or she produces food grains and raw materials for industries.We know that the total money value…
WHAT IS RURAL DEVELOPMENT?Rural development is a comprehensive term. It essentially focuses on action for the development of areas that are lagging behind in the overall development of the village…
WHAT IS HUMAN CAPITAL? Just as a country can turn physical resources like land into physical capital like factories, similarly, it can also turn human resources like students into human…
WHO ARE THE POOR?The poor people possess few assets and reside in kutcha hutments with walls made of baked mud and roofs made of grass, thatch, bamboo and wood.The poorest…
In 1991, India met with an economic crisis relating to its external debt — the government was not able to make repayments on its borrowings from abroad; foreign exchange reserves,…
INTRODUCTION The leaders of independent India had to decide, among other things, the type of economic system most suitable for our nation, a system which would promote the welfare of…
INTRODUCTION The structure of India‘s present- day economy is not just of current making; it has its roots steeped in history, particularly in the period when India was under British…
Environmental Pollution Environmental pollution results from „the release of substances and energy from waste products of human activities. There are many types of pollution. They are classified on the basis…
Planning involves the process of thinking, formulation of a scheme or programme and implementation of a set of actions to achieve some goal. Two approaches to planning, i.e. sectoral planning…
Types of Industries: 1. On the basis of ownership, industries are categorised as : (i) public sector, (ii) private sector, and (iii) joint and cooperative sector, 2. Industries are also…
A mineral is a natural substance of organic or inorganic origin with definite chemical and physical properties. Types of Mineral Resources On the basis of chemical and physical properties, minerals…
Water Resources of India India accounts for about 2.45 per cent of world‟s surface area, 4 per cent of the world‟s water resources and about 16 per cent of world‟s…
Land Use Categories Land-use records are maintained by land revenue department as:- Forests: area under actual forest cover is different from area classified as forest. The latter is the area…
Human Settlement means cluster of dwellings of any type or size where human beings live the process of settlement inherently involves grouping of people and apportioning of territory as their…