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Yogita Ingle 5 years, 11 months ago
Demand is a quantity of a commodity which a consumer wishes to purchase at a given level of price and during a specified period of time. 2. Substitute goods: Substitute goods are those goods which can be used in place of another goods and give the same satisfaction to a consumer.
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Yogita Ingle 5 years, 11 months ago
Macroeconomics is a branch of economics that depicts a substantial picture. It scrutinizes itself with the economy at a massive scale, several issues of an economy are considered. The issues confronted by an economy and the headway that it makes are measured and apprehended as a part and parcel of Macroeconomics.
Macroeconomics studies the association between various countries regarding how the policies of one nation have an upshot on the other. It circumscribes within its scope, analysing the success and failure of government strategies.
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The Indian government regulates Education and Health sectors through the following organizations:
(i) NCERT (National Council of Education Research and Training) : The organization is responsible for designing the textbook upto 12th standard.
(ii) UGC (University Grants Commission): This organization is the prime funding authority for university education. It also enforces rules and regulations regarding higher education.
(iii) AICTE (All India Council for Technical Education): It enforces rules and regulations regarding technical engineering-education in the country.
(iv) ICMR (Indian Council for Medical Research):
This organization formulates the rules and regulations relating to education and research in health sector.
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Gaurav Seth 5 years, 11 months ago
A business is a part of society. So, a business enterprise should do business and earn money in ways that fulfill the aspirations of the society. Thus social responsibility relates to the voluntary efforts on the part of the businessmen to contribute to the social well being. The businessmen make use of resources of society and earn money from the members of society so they must do something for the society.
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Yogita Ingle 5 years, 11 months ago
Green Revolution refers to an increase in the production of food grains due to the use of high yielding variety (HYV) seeds, use of fertilisers, pesticides and irrigation facilities.
Reasons for implementation of Green Revolution:
At the time of independence, a large chunk of farmers were dependent on the monsoon due to which they faced innumerable problems in farming activities.
The technology and machinery used in farming were obsolete which resulted in low agricultural productivity.
Famines affected agricultural productivity in the 1940s.
Indian agriculture suffered from low productivity of food grains as more emphasis was given to cash crops during the colonial rule. This resulted in the shortage of food grains in India.
Indian farmers were dependent on landlords and rural money lenders to meet their credit requirements. Landlords and lenders exploited farmers.
The Green Revolution ensured food security to the Indian population. The motive behind implementing the Green Revolution was to increase agricultural productivity. This was possible because nearly 75% of the country's population was engaged in this sector. This resulted in a significant increase in the production of food grains.
Benefits to farmers:
Availability of inputs: It enabled farmers to use HYV seeds, pesticides, fertilisers and well-developed agricultural methods in areas where the supply of water was regular.
Scientific rotation of crops: It allowed the farmers to harvest more than two crops in a year through the initiation of short-term HYV seeds for major crops.
Credit facility: It provided farmers with sufficient credit facilities and package of inputs before the sowing season through government programmes.
Minimum support prices: It ensured farmers with reasonable prices for their produce through minimum support prices and prevented income fluctuations.
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