Factors of Production Factors of production are resources necessary to produce goods and services. There are four factors of production. The factors of production include natural resources‚ labor‚ capital‚ and entrepreneur. These factors of production are very important to our economy. Firstly‚ natural resources are “gifts of nature” that make production possible. One example of a natural resource is a tree to produce paper. Natural resources include actual surface land and water. They also
Premium Factors of production Resource Entrepreneur
IST(9/5/2007) Last Updated: 03:48 IST(9/5/2007) India 2020 The Indian economy is on the path of rapid progress. In July 1991 the country’s economy was so shattered that India was on the brink of bankruptcy. The Congress won in the general elections of June 1991 and Narasimha Rao became Prime Minister. He took a wise step and made Manmohan Singh the Finance Minister who‚ in turn‚ opened up the economy to the private sector. The quantum of progress that India has made from 1991 to 2007 has not been achieved
Premium Economics Aditya Birla Group Agriculture
the elements of their environments. Business environment means the factors that affect the operations of a business‚ like political and legal factor‚ economic factor‚ socio-cultural factor‚ technological factor‚ physical factor and competitors. These environmental factors offer both opportunities and threats to a company. Opportunities are the factors that help the company to achieve its objectives and the threats are the factor that hinders the company from achieving its objectives. Before
Premium Marketing Economics Environment
imprisoned numerous times for civil disobedience. The nationalist movement achieved its goal when India gained its freedom at midnight on August 14‚ 1947. Upon Britain’s withdrawal‚ Nehru became independent India’s first prime minister (1947-1964) and a leader of the Nonaligned Movement during the Cold War. Jawaharlal nehru wrote his major books‚ Toward Freedom (1936)‚ an autobiography; The Discovery of India (1946); and Glimpses of World History (1934)‚ a series of letters to his daughter‚ Indira
Free Jawaharlal Nehru India Indian independence movement
----------------------------------------------------- INFLATIONARY MEAURES IN INDIA ABSTRACT Inflation is a determinant in functioning of any economy. In our country India has mixed economy model that comprises both capitalism and socialism. In our country‚ India uses the Wholesale Price Index (WPI) to calculate inflation rate. Inflation is calculated on a weekly basis. The present day process being used in India has been Wholesale price index (WPI) while several other developed countries adopt
Premium Inflation
A Passage to India‚ written by E. M. Forster in 1924‚ is a novel exploring the widespread and uncontrolled tension and prejudice that existed in India in the 1920s. This tension was caused by animosity between the native Indians and the British officials who were ruling India at the time - in this novel‚ Dr. Aziz and the City Magistrate. Most of the conflict takes place between Dr. Aziz and the City Magistrate’s family and friends‚ who were visiting India at the time. Forster describes in detail
Free British Empire United Kingdom British Raj
Globalization has been an indispensable part of the recent economic progress made by India. Globalization has played an integral role in the growth of outsourcing IT and business process outsourcing (BPO) services. Over the past decade‚ both foreign and local companies‚ have employed India’s highly skilled professionals to service clients in the US and Europe. By capitalizing on India’s lower cost but educated and English-speaking workforce‚ and utilizing global communications technologies‚ international
Premium Outsourcing Business process outsourcing Information technology
Equality in India Introduction Equality in India is a relatively recent concept as enshrined in our Constitution. The Right to Equality is a Fundamental Right‚ and our Constitution gives all Indians the right to practice it‚ irrespective of caste‚ creed‚ economic status‚ race or gender. Ancient Indian civilization was steeped in inequalities‚ mostly of caste. With the advent of Buddhism and Jainism‚ the caste system received a jolt‚ as the common man started questioning its very basis. Later
Free Discrimination India Caste
status of women in India has been subject to many great changes over the past few millennia.[2][3] From equal status with men in ancient times[4]through the low points of the medieval period‚[5] to the promotion of equal rights by many reformers‚ the history of women in India has been eventful. In modern India‚ women have adorned high offices in India including that of the President‚ Prime minister‚ Speaker of the Lok Sabha and Leader of the Opposition. As of 2011‚ the President of India‚ the Speaker of
Premium India Mughal Empire
Independent India India acquired independence on 15 August 1947 though sections of the country were carved out and stitched together to create another new country‚ Pakistan. The “institutional” road to independence was perhaps laid down by the Government of India Act of 1935‚ where the gradual emergence of India as a self-governing entity had first been partly envisioned. Following India’s independence in 1947‚ the Constituent Assembly deliberated over the precise constitutional future of India. On 26
Premium Indian National Congress India Indira Gandhi