Setting foot in the twenty-first century, men consider the entire world as a family. Among many vital aspects, economy has allured the attention of all. Globalisation has opened a new horizon in the field of economy. A detailed analysis has been made on the trends towards global economy. Image Source: thesleuthjournal.com/wp-content/uploads/2015/05/global-economy.jpg Meaning of Globalisation: The term 'Globalisation' has [...]
Merits of Global Economy: The economic globalisation has many good effects. At first, when the multi-national companies enter into a country they open factories for their production. So, the local people get job. Thus, it helps in eradicating unemployment. Image Source: gpaspectrum.files.wordpress.com/2014/04/fair-economic-system.jpg Secondly, by the investment of capital, the sick industries of a country become workable. Production [...]
Read this article to learn about the Economic Policies and the Planning Process of India and Five-year Plans ! On 15th August 1947 when India became independent politically, the country stood at the threshold of a new era. The country at this stage was under-developed and its people were on the brink of poverty. Its vast resources, agriculture and minerals [...]
