National Infrastructure Fund
Disinvestment by Government and National Investment Fund In general terms, Disinvestments refers to the sale/liquidation of an asset or subsidiary by an organization. However, for any government, it is the sale/liquidation of a government owned enterprise by the government for the purpose of raising resources in order to achieve some specific goals. In India, PSU are more
Black Market, Grey Market and White Market
Black market deals with the banned, counterfeit or stolen items which are sold in the market illegally. It deals with the trade of stolen items, lawfully banned or counterfeit items. Therefore, these goods or services are also traded in an illegal manner. For example, weapons and drugs are two most commonly traded black market items.
Different Types of goods
Public good Goods or services that are collectively consumed; it is not possible to exclude anyone from enjoying their benefits and one person’s consumption does not reduce that available to others. Free goods and economic goods: Free goods are free gifts of nature. They are available in abundance i.e. in unlimited quantity and the supply
Consumer Goods Vs Capital Goods
Consumption goods: Goods which are consumed by the ultimate consumers or meet the immediate need of the consumer are called consumption goods. It may include services as well. Capital goods: Goods which are bought not for meeting immediate need of the consumer but for producing other goods. Durable Vs Non-Durable Goods: Consumer durables Consumption goods
Intermediate Goods Vs Final Goods
Final Goods: Final goods refer to those goods which are used either for consumption or for investment. Final Goods include: Goods purchased by consumer households as they are meant for final consumption (like milk purchased by households). Goods purchased by firms for capital formation or investment (like machinery purchased by a firm). It must be
Sectors of an Economy
Sectors of an economy: All economic activity can be classified into one of three sectors: the primary sector, the secondary sector and the tertiary sector. As a rule of thumb, we say the more advanced an economy is, the more its focus shifts from the primary, through the secondary to the tertiary sector. In recent
Three Central Problems of an Economy
Three central Problems of economy: Every human society – whether it is an advanced industrial nation, a centrally planned economy, or an isolated tribal nation – must confront and resolve three fundamental economic problems. Every society must have a way of determining what commodities are produced, how these goods are made, and for whom they
Police state, Laissez faire state & Welfare state
What is police state? Police state is a term denoting a government that exercises power arbitrarily through the power of the police force. It is an undesirable state of living, characterized by the overbearing presence of the civil authorities in every walk of life. It is a state where the state controls all economic activities
We provides the best study sources required for you to clear the UPSC civil services exam.