Notes and Study material for Exams
Emergence and Background Beginning of geographical discoveries and direct sea routes opened new avenues of Trade and Commerce. It formed the bedrock of Industrial revolution as mismatch between demand and supply led to new innovative ways of enhancing production. Second factor was emergence of capitalist ideology. Profit making became the core of all economic activities … Read more
Human resource development includes development at various levels, including community. Community development requires HRD efforts, such as training and organization development. Community development is an alternative route to educating and training citizens of a community. Community settings, especially in developing countries, require that HRD practitioners take into account many factors, such as cultural variables, … Read more
JOB CREATION As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than Unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was … Read more
Sources of Income of Central Government As we all know that India is a democratic country and the main aim of the government here is to increase the welfare of the people not the profit of the government. To increase the welfare of the people the Government of India has to start welfare … Read more
Here is a list of subtopics on the impact of InflationInflation: Economic growth InvestmentInvestment SavingsSavings Wages Debt Prices Redistribution of wealth Social unrest Political instability Hyperinflation Inflation is a general increase in prices and fall in the purchasing value of MoneyMoney. It is usually expressed as a percentage, such as 2% inflation per year. Inflation … Read more
Here is a list of subtopics without any description for Income Method: Active income Passive income Portfolio income Rental income Royalty income Self-employment income Social Security income Unemployment compensation Wages and salaries Other income There are many different types of income, and each type is taxed differently. In this article, we will discuss the different … Read more