Means

Transportation: Means of Transportation, Role of Road and Rail Network in Economic Development, Highways and Express Highways; Major Ports

INFRASTRUCTURE – Increase the economic activity between hinterland and ports lead to development of infrastructure including railways, roads & inland waterways.   Indian Railway Introduction Indian Railways is one of the world’s largest railway Network consists of freight, passengers, tourist, Suburban rail systems, toy train and luxury trains. IR has 4,337 operating railway stations,operates on a … Read more

Objective concept of maximization of wealth

WEALTH MAXIMIZATION     Concept:     Wealth maximization is the concept of increasing the value of a business in order to increase the value of the Shares held by stockholders. The concept requires a company’s management team to continually search for the highest possible returns on funds invested in the business, while mitigating any … Read more

Communism

What is Communism? Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public. The theory of communism was developed by Karl Marx and Friedrich Engels in the mid-19th century. Marx and Engels … Read more