The Five Year Plans were planned, developed, and executed under the Planning Commission, from 1951 to 2014 and after it from 2015-2017 under NITI Aayog. Montek Singh Ahluwalia was represented as the last deputy chairman of the Five-year Planning Commission. He laid his resignation on the date 26th May in the year 2014. However, in the year 2014, Then Prime Minister Mr. Narendra Modi made an announcement about the dissolution of the Planning Commission and the establishment of the NITI Aayog....
The word mode comes from the Latin word ‘Modus’, meaning measurements, quantity, way, or manner. In statistics, Mode refers to the variable that occurs most of the time or repeats itself most frequently in a given series of variables (say X). It is a maximum occurrence at a particular point or a value, and one of the three measures of central tendency in statistics that aims to analyze and examine data given in categories like the colour of cars, design of handbags, etc. The mode can be determined in two series, viz., individual series and discrete series. It is denoted as ‘Z’....
Solutions for Class 9 Economics Chapter 3 – Poverty as a Challenge from NCERT offers correct answers, aiding students in completing their assignments promptly and preparing thoroughly for CBSE exams. They ensure students receive comprehensive information on all the topics covered in the chapter. Class 9 is pivotal as it lays the foundation for subsequent classes. NCERT Solutions includes exercises to help Class 9 students enhance their ability to write answers effectively....
NEFT stands for National Electronic Funds Transfer. We often hear the word NEFT in the financial world but many have doubts about what is NEFT and how it works. NEFT is a country-wide electronic fund transfer system for sending money from one bank account to another account in a safe and hassle-free manner. NEFT allows the electronic transfer of funds or money from one bank account to another bank account. NEFT transactions are processed online. Reserve Bank of India and its customers are involved in NEFT transactions. All Indian Banks can participate in NEFT transactions....
Based on proprietorship, work conditions, and the idea of the tasks, the Indian economy can be partitioned into various areas. Following the essential and optional areas, there is a third classification of exercises that falls under the tertiary area and is unmistakable from the initial two. These are exercises that add to the development of the essential and auxiliary areas. During the beginning phases of progress, the essential area represented all financial movement. Individuals’ interest in different things developed because of the excess food creation, bringing about the development of the optional area. During the nineteenth century’s modern unrest, the auxiliary area extended its importance. To work with modern exercises, an emotionally supportive network was required. Certain enterprises, like transportation and money, were basic in supporting modern action....
Unemployment is a big issue for younger people in many of countries around the world. It can disable economic progress and also long-time socioeconomic issues. In order to recover from this issue, it is important to identify the jobless people developmental goals and suggesting them proper way of improving their skills, employability and general well-being. In this article, we can explore the developmental goals for the unemployed youth and discuss various strategies to improve them in their journey of employment and growth in personal....
The consumer movement in India is specified as the systematic work of consumers to raise their voices and demand better quality products, services and protection from various businesses and service providers. Over the past several decades, India has witnessed significant growth in consumer activism, driven by factors like enhancing knowledge among consumers, the emergence of NGOs and consumer forums and the enactment of laws and regulations to safeguard consumer rights. An individual need to know about the factors that led to the rise of the consumer movement in India, its impact on Indian society and the challenges that still need to be addressed....
Macroeconomics is a part of economics that focuses on how general economies, markets, or different systems that operate on a large scale behave. Macroeconomics concentrates on phenomena like inflation, price levels, rate of economic growth, national income, gross domestic product (GDP) and changes in unemployment....
Frictional unemployment is the consequence of intentional business advances inside an economy. Frictional unemployment normally happens, even in a developing, stable economy. Laborers deciding to find employment elsewhere looking for new ones and laborers entering the labor force interestingly comprise frictional unemployment. It does exclude laborers who stay in their present place of employment until seeing another one, as, clearly, they are rarely jobless. Frictional unemployment is generally present in the economy. It adds to the general work picture and is important for normal unemployment, which is the base unemployment rate in an economy because of monetary powers and the development of work. Regular unemployment likewise mirrors the number of laborers who are automatically jobless, whether because of an absence of expertise or substitution by innovation....
The economic theories suggested by economist John Maynard Keynes in the 1930s can be described and explained through the IS-LM model. In 1936 when Keynes published their magnum opus, “The General Theory of Employment, Interest, and Money”, economist John Hicks constructed the IS-LM model in 1937. IS-LM Model is a macroeconomic tool that shows the interaction between interest rates and production within the money market. This model highlights the main ideas of Keynesian economic theory and its full form is Investment-Savings and Liquidity Preference-Money Supply. In addition, it represents the equilibrium that emerges between real production and interest rates....
The expression “cottage industry” alludes to assembling organizations that do the greater part of their work the hard way. India is perceived and known for its enhanced culture, painstaking work from conventional cabin ventures, and an extensive variety of cooking things, in addition to other things. Cotton winding around, cover winding around, silk winding around, calfskin industry, metal handiworks, and minor food handling are the vital bungalow enterprises in India....
Poverty occurs when a person is unable to obtain the most basic necessities of life. When parents are unable to send their children to school, or when sick people cannot afford treatment, and families lack proper clean water, sanitation, and regular employment. In this state of poverty, poor people are mistreated and exploited in almost every setting, including farms, factories, government offices, hospitals, and railway stations....
