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Strong Domestic Economy:
We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is a must if we want a self-sustaining buoyant export sector. We have to build up our own brands internationally and not depend upon artificial supports. Above all, simplicity, transparency and commitment to reforms are a must.
Strengthening the Patent System:
Considering Indian diversity in resource endowments and specially its characteristics as a mega bio- diversity zone of the world, India should strengthen her patent system so that Indian products may not be patented by other countries ahead of her. Various Indian products associated with geographical names need to obtain special treatments like their foreign counterparts in other products.
Suppose there are two countries (home and foreign) and that two goods can be produced within those countries: machinery (M) and bread (B). Marginal product of labor (MPL) is given
Liberalisation of the Economy: Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic
is country beter off with ban on imports?
Partial Input Elasticity of Output: This is a short-run concept which deals with the variability of only one factor keeping the others constant. There are three kinds of retu
Q. What is Heterodox Economics? Heterodox Economics:Different schools of thought (including post-Keynesian, Marxian, structuralist and institutionalist economics) which reject
Wage Labour: A form of work in that employees perform labour for others, under their direction, in return for salaries orwages. Employer controls and owns the product of the labour
suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?
Q. What do you meant by Monetary Targeting? Monetary Targeting: A policy which attempts to directly limit the growth in total supply of money in the economy. It was main policy
Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?
1. Sam Smith owns an internet radio company that has subscribers in Houston and Dallas. The demand functions for the 2 markets are: Q(Houston) = 50-0.35P(Dallas) Q(Dallas) = 80-0.
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