Advertising is an art to make known to the public: the existence of a particular commodity or a service to the public, and to create a desire in public to get that commodity or service. Huge sums of money are spent every year by business concerns on the publicity of goods manufactured for … [Read more...]
Archives for February 2016
Inflation: Types, Causes, Effects and Remedies
What is Inflation? Inflation refers to a situation when there is an overall increase in the prices of goods leading to a general decline in the value of money. Types We will discuss the two major types of inflation: 1. Demand Pull Inflation: Inflation arises when there is an increase in the … [Read more...]
Importance of Coal in Indian Economy
The importance of coal as a fuel or power resource cannot be overestimated. The economic development of any country largely depends upon its industrial progress. And, the industrial development of a country largely depends upon its possessing a sufficiently large stock of this most valuable … [Read more...]
Short Paragraph on Indian Railway System
The most important means of transport in India is the railway system. The railway system developed in India is very systematic. There has been a revolutionary change in the railway administration after Independence. The different railways have been coordinated into a single system under central … [Read more...]
Small-Scale Industries: Role, Importance, Types, Problems, and Solutions
Role and Importance: Expansion and development of small-scale industries can go a long way in securing wider distribution of economic activities in the country. Small-scale industries can provide employment opportunities to a large section of people who have no dependable source of income. The … [Read more...]