Economy Booster

Change in composition of domestic product or change in national income by industry of origin refers to change in relative significance (share) of different sectors of the economy. Generally, an economy is divided into three major sectors viz. primary, secondary and tertiary sectors. Primary sector includes agricultural and allied activities, secondary sector includes manufacturing industries … Read more

 Liability based on fault Fault liability requires some basis to determine whether someone was negligent, i.e. at fault for the harm he caused. Briefly, that would require:   Duty Breach of that duty Proximate cause Actual cause Damages For example, if you were in a car accident, the fact that you were speeding … Read more

 Concept of Social Legislation Legislation is an instrument to control, guide and restrain the behaviour of individuals and groups living in society. Individuals and groups left in absolute freedom may clash with each other in the pursuit of their self interest at the cost of others.They cause grave harm to society leading to chaos. … Read more

 Market Economy and its social consequences In primitive societies the usual system of exchanging goods vas barter system. At that time the idea of profit did not exist, ‘people accumulated goods not for making profit during the days of scarcity but to gain prestige. The system of trading often consisted if giving and … Read more

 vocational and technical education in india Technical and Vocational Education plays a vital role in human resource development of the country by creating skilled manpower, enhancing industrial productivity and improving the quality of life. The term Technical Education and Vocational Training are sometimes used synonymously. However, as per present practice, the term TE … Read more

 Human Development Index The HDI is an average measure of basic human development achievements in a country measured by UNDP. It is an average of long-term progress in three basic dimensions of human development viz. a long and healthy life, access to knowledge and a decent standard of living. India has been placed … Read more

 Governmental and Voluntary Institution engaged in development of manpower NCERT The National Council of Educational Research and Training (NCERT) is an autonomous organisation set up in 1961 by the Government of India to assist and advise the Central and State Governments on policies and programmes for qualitative improvement in school education. The major … Read more

 Sugar Industry of India India is the world’s largest producer of sugarcane and second largest producer of sugar after Cuba. But India becomes the largest producer if gur and khandsari are also included. Historical background India has a long tradition of manufacturing sugar. References of sugar making by the Indians are found even … Read more

 FDI and Infrastructure Development One of the many areas in which foreign direct investment can benefit a country or any entity, for that matter, is that of development of infrastructure. It has been observed over the years, that a lot of countries as well as other recipients of direct investment from overseas entities … Read more

 Industrial Growth and Structure – Public, Private and Joint Sectors Division of the Economy between Public Sector and Private Sector: The present economic structure of Indian economy is known as mixed economy, where there is a coexistence of both the public sector and the private sector. All the different types of industries are … Read more