Notes and Study material for Exams
West Bengal: Tax and Economic Reforms During the last two decades West Bengal has led the rest of the country with regard to agricultural performance and implementation of panchayat institutions. But these developments have begun to level out. At the same time the state has fallen behind in other sectors–Industry, higher Education and state of … Read more
Definition of Globalization-3/”>Globalization :- Its a process(not an outcome) characterized by increasing global Interconnections by gradual removal of barriers to trade and Investment between nation and higher economic efficiency through competitiveness. Various economic, political, social and cultural effects of globalization are as follows:- [su_heading size=”21″]Economic:-[/su_heading] Breaking down of national economic barriers International spread of Trade, … Read more
Cottage Industry is a form of small scale industry where the productivity of the good£ takes place in the houses of the workers, and the workforce include the members of the family. The equipment’s used to generate products are not the hi-tech ones but generally those which are used at homes. Cottage industry is generally … Read more
Causes of low industrialization in Madhya Pradesh Madhya Pradesh (MP) has predominantly been an agrarian state economy which shows co-existence of POVERTY and prosperity in the state. The state’s economic and demographic profile describes an economy of rural mass, poverty and Growth led by agriculture. Despite five decades of planned Economic Development, MP continues to … Read more
The interaction between the organisms is fundamental for its survival and functioning of ecosystem as a whole. Type of Biotic Interaction Mutualism: both species benefit. Example: in pollination mutualisms, the pollinator gets food (pollen, nectar), and the plant has its pollen transferred to other flowers for cross-fertilization (Reproduction). Commensalism: one species benefits, the … Read more
Social Processes – Social Interaction, Co-operation, Struggle, Competition Social processes are the ways in which individuals and groups interact, adjust and readjust and establish relationships and pattern of behaviour which are again modified through social interactions. The concept of social process refers to some of the general and recurrent forms that social interaction may take. … Read more
Undermining Markets: When Government Intervention Hurts More Than It Helps Fact: Index of economic freedom is brought out by the heritage foundation. India wascategorized as ‘mostly unfree’ with a scoreof 55.2 in 2019 ranking the Indian economy129th among 186 countries, i.e., in thebottom 30 per cent of countries. Fact: the Global Economic Freedom Index, … Read more
Development of Industries:- Industrial Development in India during the British Rule:- 1. Subject Matter of Industrial Development 2. Early Efforts of Industrialization 3. Industries in the Inter-War Period (1919-38) 4. Industries during 1939-47 5. Reasons for Low Industrial Development in India. Subject Matter of Industrial Development: Underdeveloped countries are greatly handicapped by shortage of 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 … Read more
Competition Commission of India Competition Commission of India is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an appreciable adverse effect on competition in India. It was established on 14 October 2003. It became fully functional in May … Read more