Food security in India
Food security in India is essential for the poor. Food security is required in the country because more than a quarter of the Indian population is living below the poverty line.
ICSE Notes
Industrialisation in India
Industrialisation is a process which involves the substitution of machine-power with man-power. It refers to the growing mechanisation in the production process in the industrial sector.
Basic Economic Problems
Professor Lionel Robbins provided the following reasons for the emergence of economic problem: Human wants are unlimited because there is no end to human wants.
Meaning and Definition of Economics
Economics studies the economic behaviour of individuals and organization in society. It also studies individuals and organizations engaged in economic activities concerned with the production, distribution and consumption of goods and services. Hence, Economics is regarded as the queen of all social sciences.
Types of Economy
In this article you are going to read different types of economy. An economy is a system which provides people with goods and services and directly or indirectly satisfies their wants.
Indian Economy
The Indian economy consists of all the production units or institutions such as farms, factories, workshops, railways, hospitals, schools and banks.
Basic Concepts of Economics
In this article you will learn basic concepts of Economics. Human wants are countless and are of various kinds. A human is a bundle of desires, with wants infinite in variety and number.
What is Public Debt?
When the planned expenditure of the government exceeds its total revenue, the government needs to borrow money from individuals and organizations. This is called public debt.
Elementary Theory of Demand
Demand for a good refers to the desire to buy a good backed with sufficient purchasing power and the willingness to spend. Individual demand for a commodity is the quantity of a commodity which an individual household is willing to buy at a particular price during a specific period.
Consumer Awareness
Consumers’ consciousness towards their rights and duties is known as consumer awareness. Consumers should be aware of their rights to ensure proper standards of goods and services they purchase.