Notes and Study material for Exams
[su_heading size=”21″]Types of Industries[/su_heading] Based on the value addition and tangibility broadly we can have three types of industries – primary industries,secondary industries and tertiary industries. Primary industries are usually very simple industries involving processing of raw materials to give input goods for secondary industries. Here value addition is usually minimal and they are … Read more
The Power of Equity: Understanding Its Importance and Impact Equity, a fundamental concept in finance and economics, represents the value of ownership in an asset or company. It signifies the difference between an asset’s total value and its liabilities. This article delves into the multifaceted nature of equity, exploring its significance in various contexts, its … Read more
Marketing MIX Marketing involves a number of activities. To begin with, an organisation may decide on its target group of customers to be served. Once the target group is decided, the product is to be placed in the market by providing the appropriate product, price, distribution and promotional efforts. These are … 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
Government Market Borrowings, loans and grants There are two types of borrowings : Internal borrowings External borrowings There is third mean of public loan i.e. other liabilities Internal borrowings Internal debt or domestic debt is the part of the total government debt in a country that is owed to lenders within the country. Internal debt’s … Read more
The Dance of Supply and Demand: Understanding Market Price Dynamics The market price of a good or service is a fundamental concept in economics, reflecting the dynamic interplay between supply and demand. It acts as a signal, guiding producers and consumers in their decision-making processes, ultimately determining the allocation of resources within an economy. This … Read more
Delving into the Microcosm: A Comprehensive Guide to Microeconomics Microeconomics, a fundamental branch of economics, focuses on the behavior of individual economic units, such as consumers, firms, and industries. It provides a framework for understanding how these units make decisions in the face of scarcity, how they interact with each other in markets, and how … Read more
The Agreement on Agriculture (AoA) is a multilateral agreement signed in 1994 as part of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT). The AoA aims to reduce agricultural subsidies and trade barriers, and to promote agricultural trade LiberalizationLiberalization. The AoA covers a wide range of topics, including: Market access: The … Read more
Economic Consolidation: A Vital Path to Stability and Growth Economic consolidation, a term often used in the context of fiscal policy, refers to the process of reducing government budget deficits and debt levels. It involves a combination of measures aimed at increasing government revenue and/or decreasing government spending. While often perceived as a painful process, … Read more