Resources play a crucial role in the development of any economy. They are essential for the production of goods and services that satisfy human wants and needs. In the context of economics, resources can be broadly classified into two main …
The Indian financial system plays a crucial role in the economy by providing the necessary infrastructure and mechanisms for the efficient allocation of financial resources. It consists of various components that work together to facilitate financial intermediation, mobilization of savings, …
Subsidies are a form of financial assistance provided by the government to certain sectors or groups of people to promote their growth or development. In India, Subsidies have been an important tool for the government to support vulnerable sections of …
Economic development can be defined as the growth in a country’s wealth and standard of living. Higher literacy rates, productivity, and quality of life are some of the important factors of economic development. There are different levels of economic development. …
Right from independence, the Indian economy was premised on the concept of planning. This was carried through the Five Year Plans. They were developed, executed, and monitored by the Planning Commission till 2014 and now it is handled by NITI Aayog …
Economic development refers to economic growth that is accompanied by the improvement in the well-being of the people. To expand economic development, it needs different aspects like political stability, capital, and a combination of public and private capabilities. There are …
Inflation is considered a complex situation for an economy. It exceeds a moderate rate that can be disastrous to an economy which is why Inflation is always kept under control. Today we will discuss about some of the important measures …
Carbon Tax is a form of pollution tax, and it charges a fee on the production, distribution, or use of fossil fuels based on how much carbon their combustion ends. The tax is imposed at different points in the supply …
GDP Price Deflator and Core Inflation are some of the interesting and important topics in the UPSC Economy subject. GDP Price Deflator GDP Price Deflator is also known as GDP deflator and implicit price deflator. GDP Price measures the changes …
Green Accounting is a new type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that the gross domestic product ignores the environment which is why policymakers need a revised model …