This article provides information about the economic notions of evolution and progress: The economic notions of development as predominantly understood by growth in the Gross Domestic Product (GDP), and the Capitalist, Socialist and the developing world models of development are also widely explained.
Category: Economics
Development: Short Essay on Development
This essay provides information about the trends of development: Development is always deliberated with economic connotations and it is referred to as an increase in the gross national product or in per capita income. In this understanding, development is equated with growth and it is envisioned that a quantum increase in the production of goods… Continue reading Development: Short Essay on Development
Consequences of FDI and Globalisation of Financial Market on Indian Economy
This article provides information about the consequences of FDI and globalisation of financial market in Indian economy: Foreign Direct Investment (FDI) is money invested in production by a foreign party rewarded with part-ownership of production. Of the three important aspects of liberalisation – finance, trade and investment – financial liberalisation has been the most pronounced.