Tag Archives | Economy

What Ails India’s Road Transport Economy?

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?

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?

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.

Importance of foreign trade in indian economy

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:

What is the Impact of Green Revolution on Indian Economy?

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! 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.

Essay on the globalization of Indian Economy

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.

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