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
Empowering Change: Exploring Dalit Capitalism Introduction The term “Dalit Capitalism” has emerged as a potent symbol of hope and aspiration within the Dalit community in India. It represents a paradigm shift, a conscious effort to break free from the shackles of historical oppression and economic marginalization. This article delves into the complexities of Dalit Capitalism, … Read more
The Golden Revolution: A Quest for Sustainable and Equitable Food Security The term “Golden Revolution” has emerged in recent years to describe a global movement aimed at transforming the agricultural landscape. It goes beyond the traditional focus on increased production and seeks to achieve sustainable and equitable food security for all. This revolution encompasses a … Read more
The Capitalist Economy: A System of Markets, Competition, and Innovation The capitalist economy, a dominant force shaping the world today, is a complex system characterized by private ownership of the means of production, market-driven resource allocation, and the pursuit of profit. This article delves into the core principles, historical evolution, key features, and ongoing debates … Read more
The Tapestry of Economic Systems: A Comprehensive Guide The way a society organizes its economic activities is a fundamental aspect of its social structure. Economic systems, the frameworks that govern resource allocation, production, and distribution, are diverse and constantly evolving. Understanding these systems is crucial for comprehending global economic trends, navigating international trade, and formulating … Read more