Advantages Mixed economy has got the following advantages: Rapid economic development Inmixed economy both private and public sectors work side by side. The combined efforts lead to rapid economic development. The economic resources of the economy are used efficiently. Wastages of resources are minimised. Lesser inequality of income: Right to own property is granted. Law of inheritance is also applied‚ so certain members of society grow richer and richer. Public sector in the economy tries
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Free sample essay on Population Problem in India. The population problem is one of the burning issues being faced by the country. It surmounts all the problems of the country. The rapid population growth is often referred to as population explosion. The population of India has risen dramatically during the post-independence period. The increase in population is due to the spread of health care facilities thus resulting in the fall of death rate. Within a period of a little over half century‚ population
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THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
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ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
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The Advantages and Disadvantages of Communicative Language Teaching The Advantages and Disadvantages of Communicative Language Teaching By HAH Introduction The focus of this essay is to highlight the advantages and disadvantages of Communicative Language Teaching (CLT). In doing so‚ it is important to first clarify the meaning of CLT and it’s place in the ongoing history of language teaching methodology. CLT is generally accepted as the most recognized‚ contemporary approach to language
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Advantages of Total Quality Management (TQM) Improves Reputation - TQM programs have the advantage of improving corporate as well as product reputations in the marketplace‚ because errors and defective products are discovered much more rapidly than under a non-TQM system‚ and often before they are ever sent to market or found in the hands of the public. Higher Employee Morale - Compared to employees who are motivated‚ disengaged workers are less efficient‚ miss more workdays and cost organizations
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Paper XVIII INDIAN ECONOMY- PERFORMANCE AND POLICIES Section 1: Basic Issues in Economic Development Developed and Underdeveloped Economies 1. W hat are the features of an Underdeveloped Economy? How far is India still characterized by them? [8‚7] (2009) 2. Discuss the salient features of India as underdeveloped but developing economy. (2006) Economic Growth and Development‚ Human Development 1. Economic Growth is the means to achieve the end which is the improvement in the quality of
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The economy of India is the ninth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP).[1] The country is one of the G-20 major economies and a member of BRICS. On a per-capita-income basis‚ India ranked 141st by nominal GDP and 130th by GDP (PPP) in 2012‚ according to the IMF.[12] India is the 19th-largest exporter and the 10th-largest importer in the world. Economic growth rate slowed to around 5.0% for the 2012–13 fiscal year compared with 6.2% in the previous
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Advantages and disadvantages of living in the countryside Privacy If you like privacy‚ living in the country works well -- particularly if your home is situated in a remote area and you don’t have neighbors for miles. This also provides solitude. Less Pollution The countryside is generally quiet and peaceful -- certainly not as contaminated with toxic pollutants as the city. There isn’t as much traffic or smog or pollution from industry. Ecologically speaking‚ the advantages to living in the
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* * Home * About Site * Content Quality Guidelines * * * * * * Suggest Us * Report Errors * Contact Us 1036 Words Essay on Indian Economy: Adopting New Approach By Dipti After independence‚ India chartered a path of economic development based on mixed economy‚ building a new industrial structure around the public sector and a closely monitored‚ regulated and controlled system where government played the role of licenser in the process of building
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