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Transport Infrastructure:
The development of transport infrastructure plays an important role in the growth process through increasing mobility of resources and increasing factor productivity. Transport infrastructure saves time and decreases the cost of transportation, and, thereby, helps both the rich and the poor. Transport development in rural areas strengthens linkages between towns and the countryside. Along with irrigation, it helps adoption of new technology by reducing the cost of inputs and marketing of outputs. It helps the rural poor by increasing their accessibility to schools and health centres and enables them to obtain non-farm employment in far-away places. In India, the share of the transport sector in Gross Domestic Product in 2003-04 was 5.55 per cent (calculated at 1993-94 prices). Roads, Railways, Airports, and Seaports are the infrastructure constituents of Transport Sector.
Variability - The extent to which the possible outcomes of uncertain event may vary * Variability: A Scenario - Assume that you are choosing between two part time sales
concept of narrowness in pure economics
Why does a price index based on constant weights tend to overstate inflation in periods after the base year when the price of one good is rising quickly compared to other goods?
Policy: Post-Communism Demolition of the Berlin Wall and take-down of the Iron Curtain hasn't significantly improved the situation in what are optimistically and euphemisticall
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wHEN WAGE IS $6.05, HOW MANY HOURS ARE WORKED A WEEK?
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Determinants of the Income Elasticity of the Demand: The determinants of income elasticity of demand are given below: The Degree of necessity of the commodity.
The income elasticity of demand calculates the responsiveness of the quantity demanded of a commodity to changes in consumers' incomes. This is typically calculated by replacing t
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