Examining ‘Euro-Zone crises’ with the proposed ‘six pack solution’! It is a set of legislative measures that gives European Commission the ability to impose sanctions on the Euro-zone countries that fail to control their debt and deficit.
Hurdles faced by the Finance Minister’s of India to lower the Fiscal Deficit below 3-4% of the GDP! Although reduction of fiscal deficits was one of the major objectives of the reform process, a review of the fiscal deficits of both the centre and state reveals that after remaining subdued at a moderate level, fiscal […]
Get the answer of: What Ails India’s Road Transport Economy? Road transport is the life-line of any economy. It has grown as a prominent system of transportation of goods and services in the country.
How are resources allocated in free market economy ? In a free market economy resources are privately owned, the decisions regarding what to produce or how much to produce, how to produce and for whom to produce..
Why Indian Economy is regarded an Underdeveloped Economy? An underdeveloped economy is defined as an economy which has got unexploited natural resources and unutilized human resources. In other words, it is an economy, having a potentiality to grow.
Foreign trade has got an important place in the economic development of a country. What is the importance of foreign trade for economic development of country is stated below:
The green revolution has two types of effects on Indian economy, namely, (a) economic effects and (b) sociological effects. The new technology was successfully implemented in the wheat-producing belt of the country whereas the rice..
Deficient demand! How does it produce depression in the economy? Deficient demand refers to the situation when aggregate demand for goods and services falls short of aggregate supply of output which is produced by fully employing the given resources of the economy.
Human wants are unlimited but the resources through which goods and services are produced to satisfy these wants is limited or scarce.
The concept of globalisation was first introduced by Adam Smith, the father of modern economics in the year 1776 through the book titled, “Wealth of the Nations”, and since then the globalisation has been liked yo-yo.