Economics notes pdf Q.3. Write an essay on ‘Private sector’ and ‘Joint Sector’ in India. Ans. In the economy of India private sector plays a complementary role to the public sector. The Industrial Policy Resolution, 1956, set the mood and tone for the future. While reserving the key and basic industries for the public sector…
Law and Economics Lecture notes Q. 2. Discuss the effect of the New Industrial Policy, 1991 on the Public Sector. Give suggestions for improving the performance of public enterprises in India. Ans. The New Industrial Policy, 1994 favours distancing’ publicly enterprises from Governments and, mimicking competitive markets. It suggests that unless it is necessary for…
Law and economics notes pdf Q. 6. What are labour intensive techniques? Give arguments in favour of and against labour-intensive techniques. Ans. Labour-intensive techniques may be known as capital saving and labour-intensive techniques which are adopted in underdeveloped and developing countries. The labour-intensive technique is one that uses a larger amount of labour and a…
Economics notes for law students Q. 1. Explain the meaning of public enterprise/public sector. Also examine the role and contribution of the public sector in the India Economy. Ans. The term ‘public enterprise’ or ‘public sector’ covers all undertakings which are directed either by a branch of Government itself or by a body set up…
Ba LLB economics notes Q. 2. Discuss the evolution and basic features of the strategy adopted by India in its plan. Examine the major weaknesses and strengths of the planning strategy and process in India. Ans. Any strategy for development consists of three components: resource mobilization, priorities for the allocation of resources mobilised, and a…
ba llb economics notes Q.3. Elaborate on the following : (a) Contribution of Agriculture to Economic Growth. (b) Agriculture’s Dependence on Industry. (c) Role of, Agriculture in the lndian Economy. (d) Interdependence between Agriculture and Industry. Ans. (a) Contribution of Agriculture to Economic Growth Agricultural progress is normally regarded as a prerequisite of economic development….
BA LLB Economics notes 1 semester Q. 4. Explain the meaning and forms of Technological Progress. Examine the forms on Technology Transfer. Ans. Technological progress implies. the application of improved technology in the production activity. What constitutes technology? One usual idea about technology is that it is some sort of machine, a way of…
Ba llb economics notes 1st semester Q.5. What is meant by technological change ?’ Give its significance in the economic development of an underdeveloped country. Discuss. the problems of change of technology from developed countries to underdeveloped countries. Give necessary. suggestions. Ans. According to Frankel, “Technological change is not a mere improvement in the technical…
Ba llb economics notes objective of economic planning In this post you will read Objective of economic planning complete explanation for more, you can follow @blogger_priya you may also like to read Sociology notes Q. 1. Discuss the major objectives and shortcomings of Economic Planning in India. Ans. Objectives of Economic Planning The major objectives of…
Ba llb economics notes In the below post you will read New Economics policy a complete explanation for you. you can follow @blogger_priya or you may also read:- International Relations Q 4. Discuss the important features of, New Economic Policies under Economic reforms. Also give arguments for and against the New Economic Policy. Ans. Following are some…