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Yogita Ingle 6 years ago
Shock Therapy was a process of transformation of an authoritarian socialist system to a democratic capitalist system.
1. The transition was inspired by the World Bank and International Monetary fund in Russia, central Asia, and Eastern Europe.
2. The therapy was a sudden change that transformed the state-controlled economy into a free market economy.
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Yogita Ingle 6 years ago
Marshall Plan was devised by the USA which provided billions of dollars in aid to post-World War II to European countries. Its main objective was to assist in the rebuilding of infrastructure and economies of those countries which suffered due to the Second World War.
Posted by Yukta Mathur 6 years ago
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Yogita Ingle 6 years ago
| Points | Delegation | Decentralization |
| Nature | It usually involves two people – a manager and his subordinate. | It involves the entire organization – from the top management to individual departments. |
| Control | The manager or the delegator controls it. | The control lies with the concerned departments or sections. |
| Need | All organizations need delegation to get things done. Delegating authority is essential to assign responsibility. | This is an optional mode of working. Organizations can also work in a centralized manner. |
| Responsibility | The delegator can delegate authority but the responsibility remains with him. The delegator is accountable for the task. | The head of the department is responsible for the activities performed under him. Therefore, responsibility is fixed at the department-level. |
| Relationship | Creates better superior-subordinate relationships. | Helps in the creation of semi-autonomous units. |
Posted by Krishnarjun Saikia 6 years ago
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Yogita Ingle 6 years ago
It is the movement initiated by local people in the Reni Village of Garhwal, preventing the cutting down of trees by hugging the trees. It was initiated by Sunder Lal Bahuguna to stop the commercial exploitation of forest.
We should conserve forest because the trees hold soil, prevents floods, brings rainfall, and thus maintains ecological balance on the earth.
Posted by Yukta Mathur 6 years ago
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Yogita Ingle 6 years ago
A mixed economy is one in which public sector (consisting of government enterprises) and private sector (consisting of private enterprises) coexist with each other. Here some important decisions are taken by the government and economic activities are by and large conducted through market. Thus both Central Authority and price mechanism play their roles in solving central problems.
In the initial years of planning, India followed the lines of being a socialist economy. Public sector was accorded a dominant role in the growth and development process. However, in the long run it was found that the public sector was plagued with inefficiencies and incurred huge losses. Moreover, excessive control on the private sector hampered their growth and the industrial sector lacked modernisation. All these factors lead to the stagnation of the Indian economy. Thus, in order to boast up growth in the country and to reduce the inefficiency in the public sector, India adopted moved towards being a mixed economy.
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Arif Ansari 6 years ago
US defense power is the strongest in the world and US also invests large part of its GDP on its Defense.
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Sia ? 6 years ago
Marshall Plan : A program by which the United States gave large amounts of economic aid to European countries to help them rebuild after the devastation of World War II. It was proposed by the United States secretary of state, General George C. Marshall.
Yogita Ingle 6 years ago
Marshall Plan was devised by the USA which provided billions of dollars in aid to post-World War II to European countries. Its main objective was to assist in the rebuilding of infrastructure and economies of those countries which suffered due to the Second World War.
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