Agricultural extension is the process of providing informal advice to the farmers so that they can improve their income by changing farming methods, cropping pattern and input usage...
E-commerce is defined as virtual selling-buying of goods via electronic medium without physical initiation between seller and buyer. Issues and need for e-commerce policy: Smoothen out taxation glitches...
Hint: Capital formation is necessary for a productive economy. Domestic savings are prerequisites for that. In India, the domestic saving lacks enough potential to generate higher capital. More...
Hint: Capital includes only those means of production which are produced by man. For example – Plant and machinery tools and instruments. The capital formation means addition to...
The University Grants Commission (UGC) has issued new PhD (Doctor of Philosophy) degree guidelines, which include a number of changes to the eligibility criteria, admission procedure, and...
Food processing industry provides a significant possibility to achieve the twin goals of inclusive growth and food security. Significance: Enables crop diversification and improved revenue for farmers. Increases...
One of the peculiar characteristics of India’s healthcare system is that, globally, India has one of the highest out of pocket expenditure for healthcare the world over. There...
Hint: The main characteristics of a developing economy are: Low per Capita Income; Slow Growth Rate of Per Capita Income; Economic Inequalities; Low Level of Living; Low Rate...
Differences between Economic Growth and Economic Development Economic growth is a narrow concept (It studies only increase in real per capita income) while economic development is a broad...
The informal economy is a widespread and worldwide phenomena. The informal sector employs over 60% of the world’s population, according to the International Labor Organization. Informal sector...
