economic activities

Issues of Direct and Indirect Subsidy for farm sector and other social sectors. 

  Issues of Direct and Indirect Subsidy for farm sector and other social sectors.  Subsidy is one of the powerful fiscal instruments, besides taxes and others, by which the objective of growth and social justice may be achieved.   Subsidies alter relative prices and budget constraints and thereby affect decisions concerning production, consumption and allocation … Read more

Industrial Revolution: MPPCS Mains

Emergence and Background Beginning of geographical discoveries and direct sea routes opened new avenues of trade and commerce. It formed the bedrock of Industrial revolution as mismatch between demand and supply led to new innovative ways of enhancing production. Second factor was emergence of capitalist ideology. Profit making became the core of all economic activities … Read more

Philosophical basis of governance

Philosophical basis of governance Governance is the exercise of economic, political, and administrative authority to manage a country’s affairs at all levels. It comprises mechanisms, processes, and institutions through which citizens and groups articulate their interests, exercise their legal rights, meet their obligations, and mediate their differences. The challenge for all societies is to create … Read more

Urban spheres of influence and rural urban fringe

Urban spheres of influence and rural urban fringe Urban spheres of influence Urban spheres of influence reflect centre-to-hinterland relationship, compared with the non-central region, the centre assumes more complex economic functions, and provides more economic activities. Famous theoretical contributions to this research field are the Central Place Theory (Christaller, 1933), the extension to the Central … Read more