What are the system of exchange found in modern societies? In the modern economy there has been a considerable change in the system of exchange. In the field of production, the system of exchange is also connected with efficiency and skill.
Tag Archives | modern
7 most essential Role of Political Parties in the Modern State. Importance of Political parties in a modern constitutional state cannot be overemphasized, the working of entire governmental machinery depends upon them.
Of the three organs of government through which the will of the state is expressed and carried out, the legislature occupies the most important place. The executive and the judiciary work on the basis of the laws made by the legislature.
Modern states are now classified on the basis of form of government. Montesquieu divided governments into three classes—republics, monarchies, and despotic rules.
8 ways in which liberty can be safeguarded in a modern State. Liberty is the most cherished idea of man. Liberty is the product of rights. Prof. Laski points out, “There cannot be any liberty without rights because without rights men are the subject of laws…
What do you mean by the modern concept of rent? Modern economists are of the opinion that land is inelastic in supply. It has no cost of production thus whole of the return produced, on land goes to rent. As the supply of land is inelastic it yields rent.
Modern theory of wage determination explained. Modern economist opines that the price or remuneration of labour i.e. wage is determined by interaction of forces of demand and supply.
What is the importance of management in the modern business world? All organizations depend upon group efforts. Group action and joint efforts have become necessary in every walk of life.
Free sample Essay on Modern War – Betrayal of the Scientist. The greatest disservice done by science to humanity is its collusion with the politician in the escalation of war. The scientist has betrayed the faith that man put in him.
Free essay on Human Health and Modern Medical World. Medical research during the last ten decades has brought succour to people suffering from diseases which were never considered curable.