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Poverty as a Challenge & Poverty Alleviation Programmes in India In this article, we are going to discuss the Poverty line in India, Poverty as Challenge, and Poverty alleviation Programmes in India. Poverty as a challenge is one of the major problems of any country and in India, it is the root cause of many…
What is Economic Environment? Economic Environment defines as all the economic factors that influence consumer and commercial compliance. The economic factors or economic activities that affect the buying and selling practices of markets and customers are termed as Economic Environment. Hence the production of the business is influenced by it. Mostly these determinants are beyond…
Difference Between Economic Activities & Non-Economic Activities The difference between Economic Activities and Non-Economic Activities is the motive behind the activity. Like economics, Activities are basically done with the logical and the rational mind with the aim of making a profit or financial gain. On the other hand, the Non-Economic Activities are done for passion,…
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Meaning of Consumer Awareness The process of making a consumer or an individual aware of their responsibilities and rights when purchasing services and goods is known as Consumer awareness. The services Consumer awareness is very important in today’s scenario so that the consumer can make the right decision and they have the right information about…
What is National Income (NI)? National income (NI) means the total value of goods and services produced annually in a country. NI measures the flow of goods and services in the economy that is; it measures the production power of an economy whereas national wealth measures the stock of commodities held by the nationals of…