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
Settlement can be defined as any form of human habitation which ranges from a single dwelling to large city. The word settlement has another connotation as well as this is a process of opening up and settling of a previously uninhabited area by the people. In geography this process is also known as occupancy. … Read more
Rajasthan : Planned Development Projections of Resources for Twelfth Five Year Plan:- The size of the Twelfth Five Year Plan is estimated at `1,96,992 crore. A comparison of approved Annual Plans of Eleventh Plan with projections of Twelfth Plan (at current prices) will reveal that the State has estimated contribution of State’s Own Funds at … 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