upsc economics

Maharatna Navratna and Miniratna companies

Economics, Indian Economic Development, New Economic Policy /

Understanding Miniratna, Navratna and Maharatna Companies in India What are Maharatna Navratna and Miniratna companies Miniratna, Navratna, and Maharatna Miniratna Navratna Maharatna Scroll down to learn more What are these special companies? In India, the government owns many companies that provide important services and products to people. These are called Public Sector Undertakings (PSUs). The […]

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Liberalization In India 1991

Economics, Indian Economic Development, New Economic Policy /

Understanding Liberalization: From License Raj to Economic Freedom Liberalization in Indian Economy Let’s explore how India transformed its economy from strict government free market! 🚀 What Does “Liberal” Mean? 💡 Simple Definition Liberal = Freedom + Independence Think of it as having the freedom to make your own choices! 🚫 Strict Parents “You cannot go

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Precautions of Expenditure Method of National Income

Economics, National Income Accounting /

Expenditure Method Precautions: Complete Guide for Students 📊 Expenditure Method Precautions Master the precautions of expenditure method for Calculating National Income Why These Precautions Matter When calculating national income using the expenditure method, we need to be very careful about what we include and what we don’t. Think of it like making a recipe –

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Precautions of Income Method of National Income

Economics, National Income Accounting /

Income Method Precautions: Complete Guide for Students 💰 Income Method Precautions Master the precautions while calculating National Income by Income method 🎯 What You’ll Learn When calculating national income using the income method, we need to be super careful about what to include and what to exclude. Suppose you are making a recipe and if

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