Notes and Study material for Exams
Communism Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural Resources of a Society. Communism is thus a form of Socialism—a higher and more advanced form, according … Read more
Distribution of natural Resources World Distribution of forest reserves Forests cover 31 percent of the world’s land surface, just over 4 billion hectares. (One hectare = 2.47 acres.) This is down from the pre-industrial area of 5.9 billion hectares. According to data from the U.N. Food and agriculture Organization, deforestation was at its … Read more
Pricing of public utilities and government policy Priority to public There are a number of principles which govern the pricing of public utility Services. There are public utilities like Education, sewage, roads, etc. which may be supplied free to the public and their costs should be covered through general Taxation. Dalton calls it the general … Read more