ECONOMICS EXPLANATION
1) The basic characteristic of a capitalist economy is (a) Huge production in basic industries (b) Lack of monopoly (c) full employment (d) Private/individual ownership of means of production Explanation (d) The basic feature of capitalist economy is private/individual ownership of the means of production. Market economy is called capitalist economy, which works on the […]
JPSC MAINS MODEL QUESTION PAPER ## 11 -13TH JPSC ##PAPER 5 ##INDIAN ECONOMY,GLOBALISATION AND SUSTAINABLE DEVELOPMENT
INDIAN ECONOMY,GLOBALISATION AND SUSTAINABLE DEVELOPMENT PAPER 5 निर्देश: The question paper consists of five sections. Each section carries 40 marks. Section-I is compulsory and contains twenty objective questions. Each carries two marks (20×2=40). Sections-ll to V contain two optional long descriptive questions each. The candidate is required to answer one questions from each section. प्रश्न-पत्र […]
HEALTH & EDUCATION
HEALTH AND EDUCATION Healthcare has been one of the most important social sectors in India since Independence. Providing healthcare services at affordable rates to the public has been a challenging task with a growing population and necessity of maintaining a healthy workforce. There is a need for a strong and resilient health infrastructure which became […]
NATURE AND PLANNING OF INDIAN ECONOMY #Branches of Economic#Advantages of capitalist economy #Agricultural Sector
Chapter 1 NATURE AND PLANNING OF INDIAN ECONOMY MEANING OF ECONOMY Economy is a framework in which economic activities are carried out, in the form of investment, production and consumption etc. The basic units of an economy are household and production units. Household Provides factor of production to farms. Production is transformation of imports into […]
Economic activities #Sector of economy#Gross Domestic Product (GDP)
what are economic activitiesAll activities where money is involved referred to as economic activity. Micro ( small) and Macro ( big) economics What is an economyEconomy is economics in action.4.Sector of economy• Primary sector• Secondary sector• Tertiary sector• Quaternary sector• Quinary sectorPrimary sectorActivities to exploit natural resources.example agricultural activities, Oil exploration, miningSecondary sectorAll of the […]
Production #Quality of population#
Production▪ four requirement for production of goods and service❖ land❖ labour❖ physical capital❖ fixed capital❖ working capitalHuman capital-knowledge to put together land labour and capital and production of output either to use yourself or to sell in the market. this is human capital.Land▪ The standard unit of measuring land is hectare▪ 1 hectare,= area of […]
German President Frank Walter Steinmeier Re-elected for the Second Term
German President Frank Walter Steinmeier Re-elected for the Second TermThe Incumbent President of Germany Frank Walter Steinmeier was, in mid-February 2022, re-elected by the parliamentary assembly for the next five years (2022-27).A special parliamentary assembly meeting was organised on February 13, 2022 to elect Germany’s Head of the State. The 66 years old Frank Walter […]
Kuwait Army Allows Women in Combat Roles But Without Guns
Kuwait Army Allows Women in Combat Roles But Without GunsKuwait allows women in combat roles but without guns. Kuwaiti women are angry after the military, havingallowed female soldiers in combat roles sometimes back, decided in February 2022 that they need the permission of a male guardian and banned them from carrying weapons.Activists have decried the […]
One Ocean Summit 2022 Held in France; Sets Goal to Map 80% Seabed by 2030
One Ocean Summit 2022 Held in France; Sets Goal to Map 80% Seabed by 2030One Ocean Summit 2022 which was organised by France was held on 9-11 February, 2022 in Brest, France in cooperation with the United Nations (UN) and the World Bank.ObjectiveTo mobilise the international community to take tangible action towards preserving and supporting […]