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LINKAGES OF BUREAUCRACY WITH THE KNOWLEDGE CENTRES:
The Government employees must make use of knowledge generated in higher seats of learning for implementing economic policies. Planning Commission in its report "India as Knowledge Superpower: Strategy for Transportation" (June 2001), has stressed upon this point. Twenty-first century will be the century of knowledge. Only those nations will survive and succeed, which will build themselves by understanding the dynamics of knowledge and create true knowledge societies. What is a knowledge society? It has the following distinct characteristics: i) It uses knowledge through all its constituents and endeavours to empower and enrich its people. ii) It uses knowledge as a powerful tool to drive societal transformation. iii) It is a learning society committed to innovation. iv) It has the capacity to generate, absorb, disseminate and protect knowledge and also use it to create economic wealth and social good for all its constituents. v) It enlightens its people to take an integrated view of life a fusion of mind, body and spirit. Knowledge society in this century will have three key drivers. The first will be driven by societal transformation for just and equitable society.
The societal transformation will primarily be centered on education, healthcare, agriculture and governance. This transformation will encompass higher employment generation, higher industrial growth, higher national efficiency and productivity, higher empowerment of women, creation of a truly transparent society and generation of significant rural prosperity. The second is wealth generation. The third will be driven by protection of knowledge, not only the one generated in its research laboratories but also its traditional knowledge, generated by our communities over centuries in laboratories of life.
The basic concepts of price theory
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• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
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The owner of the sole stage-theatre in the city of Vordervilla has found through experience that the cost of running his 600-seat theatre remains virtually the same irrespective
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
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Determinants of the price elasticity of demand are explained below: 1. Number of close substitutes present within the market - The more and closer substitutes available in the
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