Notes and Study material for Exams
Operation Greens: Stabilizing Prices for Farmers and Consumers Introduction The agricultural sector in India plays a pivotal role in the country’s economy, providing livelihoods to a significant portion of the population. However, the sector faces numerous challenges, including price volatility, inadequate infrastructure, and lack of access to markets. These challenges often result in distress for … Read more
agriculture price policy Agricultural price policy in India was introduced since independence. But the agricultural price policy formulated in India has varied widely for different years and also for different crops. This policy put much emphasis on the prices of foodgrains like wheat, rice and coarse Cereals such as jowar, bajra, maize etc. … 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
Price Stabilisation Fund Scheme (PSFS): Protecting Consumers and Farmers from Price Shocks The agricultural sector, a cornerstone of many economies, is inherently vulnerable to price fluctuations. These fluctuations, often driven by factors beyond the control of farmers and consumers, can lead to significant economic hardship and social unrest. To mitigate these risks and ensure a … 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
Inflation Targeting: A Powerful Tool for Monetary Policy Inflation, the persistent increase in the general price level of goods and services, is a significant economic concern. It erodes purchasing power, distorts investment decisions, and can lead to economic instability. To combat inflation, central banks around the world have adopted various monetary policy strategies, with inflation … Read more
Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA): Ensuring Fair Prices and Protecting Farmers’ Incomes Introduction India, a nation heavily reliant on agriculture, faces a persistent challenge in ensuring the economic well-being of its farmers. Fluctuating market prices, inadequate storage facilities, and limited access to credit often leave farmers vulnerable to financial distress. Recognizing this critical … Read more
Agricultural Pricing Policy: A Balancing Act Between Farmers’ Welfare and Consumer Affordability Agriculture, the backbone of many economies, plays a crucial role in providing food security and generating livelihoods for millions. However, the sector faces numerous challenges, including volatile market prices, fluctuating input costs, and the ever-present need to balance farmers’ income with consumer affordability. … Read more
Inflation is a sustained increase in the general price level of goods and Services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the Percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more
The Invisible Hand: Understanding the Law of Demand and Supply The concept of supply and demand is a fundamental principle in economics, shaping the prices of goods and services in a free market. It’s the invisible hand that guides the allocation of resources, determining what gets produced, how much, and at what price. This article … Read more