Successors of Jawaharlal Nehru• Prime Minister Jawaharlal Nehru passed away in May 1964.• When Nehru passed away, K. Kamraj, president …
Chapter 5. Challenges to and Restoration of Congress System Read More »
Overview• An open economy is one that interacts with other countries through various channels.• Output Market: An economy can trade …
Background to Emergency• In elections of 1971, Congress had given slogan of garibi hatao [remove poverty]. However, social & economic …
Chipko Movement• movement began in two or three villages of Uttarakhand [in 1973] when forest department refused permission to villagers …
Jammu and Kashmir• Earlier Jammu and Kashmir had a special status under Article 370 of Indian Constitution. However, despite it, …
Context of 1990s• most crucial development of this period was defeat of Congress party in elections held in 1989. party …
Chapter 9. Recent Development in Indian Politics Read More »
Economy• An economy is an area of production, distribution and trade, as well as consumption of goods and services by …
Consumer’s Equilibrium• A consumer is one who buys goods and services for satisfaction of wants.• Any combination of amount of …
Production• This is process by which inputs are transformed into ‘output’. Production is carried out by producers or firms.• In …
Perfect Competition: Defining Features• concept of market refers to all such systems or arrangements that brings buyers and sellers in …
Chapter 4. Theory of Firm Under Perfect Competition Read More »