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What is globalisation?
Globalisation means the opening of nationalistic and local outlooks to a broader perspective of an interlinked and interdependent world with free transfer of goods, capital, and services across the national borders.
Globalisation means the opening of nationalistic and local outlooks to a broader perspective of an interlinked and interdependent world with free transfer of goods, capital, and services across the national borders.
See lessWhy has the industrial sector growth slowed down in India?a. Due to the obtainability of cheaper imports and lower investmentsb. Due to the increase in public incomec. Due to the good response from exports d. Due to the decreased manpower in industries
a. Due to the obtainability of cheaper imports and lower investments
a. Due to the obtainability of cheaper imports and lower investments
See lessWhat is privatisation?
Privatisation is the procedure of transferring an industry or enterprise from the public sector to the private sector. This is known as destatisation and denationalisation.
Privatisation is the procedure of transferring an industry or enterprise from the public sector to the private sector. This is known as destatisation and denationalisation.
See lessWhat does WTO stand for?
WTO stands for World Trade Organization.
WTO stands for World Trade Organization.
See lessDefine a socialist economy.
Socialism primarily focuses on the manufacturing sector to satisfy human needs. This is unlike capitalism, where the primary focus is on sales and profit. Socialism means direct regulation and management of social workers and industries by the workers of a government.
Socialism primarily focuses on the manufacturing sector to satisfy human needs. This is unlike capitalism, where the primary focus is on sales and profit.
Socialism means direct regulation and management of social workers and industries by the workers of a government.
See lessWhat was the aim of the five-year plan?
Post Indian independence in the year 1947, India had to reconstruct its economy from scratch. The leaders in those days had to select the type of the economy that India would be and also outline the economic planning. The primary achievements witnessed through the five-year plans are as follows: A gRead more
Post Indian independence in the year 1947, India had to reconstruct its economy from scratch. The leaders in those days had to select the type of the economy that India would be and also outline the economic planning.
The primary achievements witnessed through the five-year plans are as follows:
A great increase in the national income and per capita income
See lessSignificant development in agriculture
Industrial development
Price and power parity
Increased capital formation
What were the focus points of the first and second five-year plans?
Agriculture was the focus for the first five-year plan and industries were the focus for the second five-year plan.
Agriculture was the focus for the first five-year plan and industries were the focus for the second five-year plan.
See lessDefine small scale industries.
Small scale industries are those that have a fixed investment in plant and machinery, whether held on an ownership basis, lease basis, or hire purchase basis of not more than one crore.
Small scale industries are those that have a fixed investment in plant and machinery, whether held on an ownership basis, lease basis, or hire purchase basis of not more than one crore.
See lessWhat were the priorities in the 11th five-year plan?
The primary focus areas in the 11th five-year plan were: infrastructure development, health, agriculture, and education.
The primary focus areas in the 11th five-year plan were: infrastructure development, health, agriculture, and education.
See lessDefine economy.
An economy is defined as the large set of interrelated manufacturing and consumption pursuits that aid in ascertaining how insufficient resources are distributed.
An economy is defined as the large set of interrelated manufacturing and consumption pursuits that aid in ascertaining how insufficient resources are distributed.
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