ECONOMY IN TRANSPORTATION
Economy means minimization of cost per unit. There are two kinds of economies which can be achieved in transportation system:
1] Economy of Scale:
Economy of scale refers to reduction in the unit cost as the volume of shipment increases. For e.g. a transportation...
If thought generates knowledge, then the vision of tomorrow’s corporation is clear. Knowledge is nothing but a combination of know how, know what and know why, as consciously incorporated in people – the only beings capable of producing and processing it.
Today, knowledge is gaining more and...
The Principles of Free-Market Economics
1.Self-interest
2.Complete Information
3.Many buyers and sellers
4.Absence of externalities (social costs)
Functions & Effects of Advertising in a Free Economy
1.To identify products and their source and to differentiate them from others.
2.To...
After three decades of spectacular struggle, china passed japan in second quarter to become the worlds largest economy behind the US according to govt figures released early monday.
The milestone though anticipated is a striking evidence yet that China's ascendence is for real. China has got...
China is biggest example of success of state controlled economy.
In libral ecnomies richer become more richer and poors are getting more poor.
A controlled economy will result in proper flow of benefits towards the rural masses.
The state has control over the production and the markets...
India is leading the way, but the phenomenon is by no means limited to countries,like India and China. Underlining the region's emergence as a global economic powerhouse as it leads the way out of global recession, as Asia's economic importance is unmistakable and palpable.
As per me yes why...
There should be justice for the producer whether laborers or manufacturing institutions. We should change or modify the exchange rates. Unless this is not done there can not be any parity between the living standards of different regions.The natural resources are free as provided by the earth...
other backward classes (OBCs), who have been granted 27 percent quota in government jobs and educational institutions for being socially and economically backward, own 15.92 million entrepreneurial units
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Yesterday,RBI has hiked the CRR rate by 75 bps from 5% to 5.75%.The hike in interest rate will suck out excess liquidity to the tune of Rs.36000 crore from the market.RBI in its report projected India's GDP growth to 7.5% with near zero agricultural growth.The dip in agri growth is being...
Is indian economy is growing by the just
governement numbers, but actually
fiscual defeciet is increasing and
consumer price index is soring
and there is not actual
job increase in the market