Notes and Study material for Exams
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
Code of ethics Ethics codes are as old as antiquity. Religious traditions and civic cultures have codes as their foundations. The Mosaic Decalogue (Ten Commandments) is the keystone for Judaism, Islam and Christianity. Pericles made the Athenian code the underpinning of ancient Greek politics and culture. In each case codes carry general obligations and admonitions, … Read more
Human Health Plays a crucial role in the Human Development.Even though human development is a broad concept with infinite dimensions, it is said that at all levels of development, there are three basic ones: a long and healthy life, access to knowledge, and a decent standard of living. Without these basic dimensions, other dimensions such … Read more
FUNCTIONS OF MANAGEMENT – STAFFING Staffing refers to the managerial function of employing and developing human Resources for carrying out the various managerial and non-managerial activities in an organisation. This involves determining the manpower requirement, and the methods of recruiting, selecting, training and developing the people for various positions created in the organisation. Staffing … Read more
Organizations & Their Survey/Reports 1. World Economic & Social Survey U. N 2. World Investment Report UNCTAD 3. Global Competitiveness Report World Economic Forum 4. World Economic Outlook IMF 5. Business Competitive Index World Economic Forum 6. Green Index World Bank 7. Business Confidence Index NCAER 8. POVERTY Ratio Planning Commission 9. Economic Survey Ministry … Read more
Division of Public Sector Enterprises (PSEs) The division of the PSEs of the existing state of Andhra Pradesh will be done according to the location of production facilities With the exception of a few PSEs, the headquarters of most of them are located in Hyderabad. However, it is the location of the production facility … Read more
Human Capital: The Engine of Economic Growth and Societal Progress In the ever-evolving landscape of the global economy, the concept of “human capital” has emerged as a cornerstone of sustainable growth and societal well-being. It transcends the traditional view of labor as a mere input factor, recognizing the inherent value and potential of individuals as … Read more
Human Resources Development: A Catalyst for Organizational Success Introduction In today’s dynamic and competitive business landscape, organizations are increasingly recognizing the crucial role of human capital in achieving sustainable success. Human Resources Development (HRD) has emerged as a strategic function, encompassing a comprehensive set of practices and initiatives aimed at enhancing the knowledge, skills, and … Read more
Democratic Socialism: A Vision for the Future? Democratic socialism has emerged as a prominent political ideology in recent years, attracting renewed attention and sparking heated debate. While often conflated with communism or even authoritarianism, democratic socialism represents a distinct political philosophy with a rich history and a clear set of principles. This article delves into … Read more