Notes and Study material for Exams
youth unrest and commercialization of Education There are four reasons why every nation regards the advancement of its youth as its primary duty. The first is that the youth possess vigour and inventiveness. It is in their strength and in their inventive genius that the hopes of a bright future are centered. The … Read more
Market economy A market economy is a system where the laws of supply and demand direct the production of goods and Services. Supply includes Socialism and Communism need a planned economy to create a central plan that guides economic decisions. Market economies evolve from traditional economies. Most societies in the modern world have Elements of all three types of economies. That makes them mixed economies. … Read more
Market economy and its social consequences In primitive societies the usual system of exchanging goods vas barter system. At that time the idea of profit did not exist, ‘people accumulated goods not for making profit during the days of scarcity but to gain prestige. The system of trading often consisted if giving and … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Industrial revolution AND THE EMERGENCE OF CAPITALISM The Industrial Revolution refers to the greatly increased output of machine-made goods that began in England during the 18th century. Before the Industrial Revolution, people wove textiles by hand. Beginning in the middle 1700s, machines did this and … Read more
Decentralized Planning is a type of planning where local organisations and institutions formulate, adopt, execute actions and supervise the plan without interference by the central body. Decentralized planning in the State operated mainly through the following institutions and instruments; Grama Sabha (GS): People’s participation in Decentralization was sought to be ensured mainly through meetings of … Read more
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
Golden Revolution The Golden Revolution is a term used to describe the potential for genetic engineering to improve the nutritional value of crops. The goal of the Golden Revolution is to develop crops that are more nutritious and can help to reduce malnutrition around the world. One of the most promising areas of research in … Read more
Here is a list of subtopics about capitalist economy: Capitalism Free market Laissez-faire Private property Profit motive Competition Supply and demand Invisible hand Economic growth Wealth inequality Socialism Communism Mixed economy Capitalism is an economic system based on the private ownership of capital and the means of production. It is characterized by a competitive market … Read more
Here is a list of subtopics on economic systems: Traditional economy Command economy Market economy Mixed economy Gift economy Barter economy Commodity money economy Representative money economy Fiat money economy Credit economy Debt economy Share economy Cooperative economy Socialist economy Communist economy Capitalist economy Mercantilist economy Keynesian economy Monetarist economy Supply-side economy Austrian school economy … Read more