Notes and Study material for Exams
Enlightenment and Industrial revolution Emergence and Background Beginning of geographical discoveries and direct sea routes opened new avenues of Trade and Commerce. It formed the bedrock of Industrial revolution as mismatch between demand and supply led to new innovative ways of enhancing production. Second factor was emergence of capitalist ideology. Profit making became the core … Read more
Imperialism is a state policy, practice, or advocacy of extending power and dominion, especially by direct territorial acquisition or by gaining political and economic control of other areas. Because it always involves the use of power, whether military force or some subtler form, imperialism has often been considered morally reprehensible, and the term is frequently … Read more
First World War Background It was a result of growing inter-imperialist rivalries, growing chauvinism, antagonism and conflicts within Europe, formation of alliances and secret pacts, growing militarization, feverish preparations for war, were some of the marked features that harbingered war. There had been a number of crises which were temporarily resolved, but led to deep … Read more
Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, Stress has been laid … Read more
Fiscal Policy is that part of Government policy which is concerned with raising revenues through Taxation and other means along with deciding on the level and pattern of expenditure it operates through budget. However, generally the expenditure exceeds the revenue income of the Government. In order to meet this situation, the Government imposes new taxes … Read more
The development of any Society or country without Economic Development is a myth. Economic development brings prosperity which in turns is directly proportional to the amount of goods and Services produced quantitatively or in broad sense we can say in Money equivalent. So the factor of production depends on the following parameters. Land Labour Capital … Read more
Facing Global Competition Globalisation means gradual integration of economies through free movement of goods, Services and capital which has significant impact on the economies of both developed and developing countries. Globalisation refers to a process of growing economic interdependence among different countries of the world. Thus, in the globalised era, the whole world is changing … Read more
Industrialization in Rajasthan has been a recent phenomenon, as prior to the independence the Development Of Industries was restricted by the following factors:- Lack of Interest by the rulers Lack of technical know how Lack of transport facilities. RICCO has been established as an apex body for the development of industries in the … Read more
Economic Growth Economic growth means an increase in Real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is … Read more
Information Technology and IT enabled Services Software and services exports continued to remain on top of the IT Industry‘s revenue. The export-driven software sector saw major long-term projects come to Indian ICT leaders and Indian Companies bagging a larger and larger share of the global outsourced business. The state of Rajasthan offers huge Investment … Read more