What is Inflation? Inflation may be defined as a situation in which too many people purchase too few goods. The purchasing power of the money goes down and the prices not only of luxury goods but of many essential commodities such as rice, wheat, cloth, vegetable oil, sugar, etc. also starts to … [Read more...]

Inflation Meaning: Inflation refers to a situation when the there is an increase in the prices of general goods and services resulting in the overall decline in the purchasing value of money. During the last one decade prices have soared continuously. In the last five years or so the prices of … [Read more...]

Introduction The development of science and technology has resulted in the growth and spread of Heavy Industries. Human progress now-a-days is measured in terms of industrial potentialities and prosperity. But it is unfortunate that we have not yet realized the evils of industrialization due to … [Read more...]

Cottage Industries in India Introduction: In the modern industrialized world, there are large factories and mills with huge machines, smoking chimneys and hundreds and thousands of laborers. The present condition of cottage industries in not very good. However, there are few people who thinks … [Read more...]

The economy is the system of goods and money used by a given society. Growth means getting bigger. Development means becoming more advanced or complex. Economic growth and development can mean an economy that becomes advanced, larger, diverse, profitable, and expand into new … [Read more...]

Impacts of Industrialization in India India is a predominantly agricultural country. The well-being of Indian economy is directly connected with the welfare of her masses dwelling in the rural areas. With the scientific and industrial development, we had to adopt a vigorous industrial policy. The … [Read more...]

Indian Money Market The RBI controls the entire operation of the organized sector of the Indian Money Market. Over the years both commercial banks and co-operative banks have come to depend more and more on the rediscounting and borrowing facilities provided by RBI, especially during the busy … [Read more...]