Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Amar Rawat 5 years, 10 months ago
- 3 answers
Shruti Verma 5 years, 10 months ago
Yogita Ingle 5 years, 10 months ago
So for many years, the first seven Five-year plans precisely, India adopted the trade policy of inward-looking, or better known as Import Substitution. The policy was simple, we were going to substitute the imports of our economy with domestic production. This trade policy was applied to almost all sectors of the economy.
Ishant Sharma 5 years, 10 months ago
Posted by Ayush Jain 5 years, 10 months ago
- 1 answers
Yogita Ingle 5 years, 10 months ago
The Impact of Digital India mission on PPC of an economy is that it is shifted right side after evaluation of digital India mission.
Explanation:
PPC stands for production Possibility Curve mapping the production on the X-axis and production of another good on Y-axis. Digital India will lead to technology improvements and production capacity.
Online infrastructure has impacted the digital India in the most astonishing way. Competition have been increased and products have become better because of advancement if the technology. Time can be saved and cost can be reduced because of technology advancements. Transparency have been maintained in the well-organized way.
Posted by Alka Roy 5 years, 10 months ago
- 2 answers
Pratham Kumar 5 years, 10 months ago
Posted by Manish Soni 5 years, 10 months ago
- 2 answers
Amar Rawat 5 years, 10 months ago
Posted by Shubham Keshri 5 years, 7 months ago
- 1 answers
Posted by Abhay Thapa 5 years, 10 months ago
- 2 answers
Ashish Shukla 5 years, 10 months ago
Amar Rawat 5 years, 10 months ago
Posted by Sonu Dagar 5 years, 10 months ago
- 4 answers
Ashish Shukla 5 years, 10 months ago
Arish Sharaik 5 years, 10 months ago
Shivani Sharma 5 years, 10 months ago
Posted by Alka Roy 5 years, 10 months ago
- 2 answers
Pratham Kumar 5 years, 10 months ago
Hashir Rehan 5 years, 10 months ago
Posted by Alka Roy 5 years, 10 months ago
- 2 answers
Posted by Alka Roy 5 years, 10 months ago
- 1 answers
Posted by Sunidhi Singh 5 years, 10 months ago
- 1 answers
Posted by Sunidhi Singh 5 years, 10 months ago
- 3 answers
Arish Sharaik 5 years, 10 months ago
Hashir Rehan 5 years, 10 months ago
Paavak Bansal 5 years, 10 months ago
Posted by Sunidhi Singh 5 years, 10 months ago
- 1 answers
Paavak Bansal 5 years, 10 months ago
Posted by Sanya Singh 5 years, 10 months ago
- 1 answers
Yogita Ingle 5 years, 10 months ago
The shortfall of the industrial policies pursued by the British colonial administration are listed below -
1. Neglect of Indian handicraft industries - The British had discriminatory tariff policy for the handicraft exports of India. The export to and import from Britain was duty free whereas they imposed heavy export duties on India's export of handicraft product, which made it costlier and the international demand for our leading industry collapsed.
2. Lack of investment - The modern industries in India required investment in capital goods which was not within the means of Indian investors and British government was least interested in investing in Indian industries. So the lack of investment in capital goods hampered the growth of Indian Industries.
3. Limited operation of public sector - The growth in public sector was limited up to the development required for smooth functioning of British government like Railways, Ports, Post and Telegraph, etc.
4. Lack of modernization - The British neither encouraged nor permitted the modernization of Indian Industries.
Posted by Sanya Singh 5 years, 10 months ago
- 1 answers
Paavak Bansal 5 years, 10 months ago
Posted by Sanya Singh 5 years, 10 months ago
- 1 answers
Ginishima Verma 5 years, 10 months ago
Posted by O Ustaad Ji 5 years, 10 months ago
- 1 answers
Yogita Ingle 5 years, 10 months ago
| Basis for Differentiation | Microeconomics | Macroeconomics |
|
Meaning |
Microeconomics studies the particular market segment of the economy | Macroeconomics studies the whole economy, that covers several market segments |
| Deals with? | Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc., | Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, etc., |
| Business Application | Applied to internal issues | Environment and external issues |
| Scope | Covers several issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc. | Covers several issues like distribution, national income, employment, money, general price level, etc., |
| Significance | Useful in regulating the prices of a product alongside the prices of factors of production (labour, land, entrepreneur, capital, etc) within the economy | Perpetuates firmness in the broad price level and solves the major issues of the economy like deflation, inflation, rising prices (reflation), unemployment and poverty as a whole |
| Limitations | It is based on impractical presuppositions, i.e. In microeconomics, it is presumed that there is full employment in the community which is not at all feasible | It has been scrutinized that Misconception of Composition’ incorporates, which sometimes fails to prove accurate because it is feasible that what is true for aggregate (comprehensive) may not be true for individuals too |
Posted by Dolly ?️ 5 years, 10 months ago
- 4 answers
Ginishima Verma 5 years, 10 months ago
Paavak Bansal 5 years, 10 months ago
Komal Poddar? 5 years, 10 months ago
Posted by Juhi Singh 5 years, 10 months ago
- 1 answers
Poonam Karir 5 years, 10 months ago
Posted by Mukesh Sharma 5 years, 10 months ago
- 1 answers
Posted by Shruti Hooda 5 years, 10 months ago
- 2 answers
Sakshay Aggarwal 5 years, 10 months ago
Ishant Sharma 5 years, 10 months ago
Posted by Juhi Singh 5 years, 10 months ago
- 1 answers
Shruti Hooda 5 years, 10 months ago
Posted by Gopal Pundir 5 years, 10 months ago
- 1 answers
Shruti Hooda 5 years, 10 months ago
Posted by Akansha Sharma 5 years, 10 months ago
- 0 answers
Posted by Humpty Gurow 5 years, 10 months ago
- 1 answers
Md Zaid 5 years, 10 months ago
Posted by Moto Gp 5 years, 10 months ago
- 1 answers
Md Zaid 5 years, 10 months ago
Posted by Mahi Jain 5 years, 10 months ago
- 3 answers
Gursimran Saini 5 years, 10 months ago

myCBSEguide
Trusted by 1 Crore+ Students

Test Generator
Create papers online. It's FREE.

CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
myCBSEguide
Gursimran Saini 5 years, 10 months ago
0Thank You