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MINIMUM SUPPORT PRICE (MSP) – Indian Economy UPSC Notes

MINIMUM SUPPORT PRICE (MSP) The Minimum Support Price (MSP) is the price at which the Government of India guarantees to purchase crops from farmers,…

Elasticity of Demand – Indian Economy UPSC Notes

Elasticity of Demand – UPSC Notes Definition : Elasticity of demand measures how the quantity demanded of a good changes in response to a change in…

Justin Trudeau's Resignation: Reasons, Implications, and the Road Ahead for Canada

Canadian Prime Minister Justin Trudeau has announced his intention to resign as leader of the Liberal Party and, subsequently, as prime minister.He w…

What are Veblen Goods - Economics UPSC notes

What are Veblen Goods? Definition: Veblen goods are a category of goods for which demand increases as their price rises, defying the law of deman…

What are Luxury Goods - Economics UPSC notes

Luxury Goods is a key concept in economics and is relevant for the UPSC syllabus under topics related to market structures, income inequality, and…

What are Giffen Goods - Economics UPSC notes

Giffen goods are an important concept in economics, often discussed in the context of demand theory, and are relevant for the UPSC syllabus, particu…

Law of Demand - Economy UPSC notes

The Law of Demand is a fundamental principle in economics that states: As the price of a good or service increases, the quantity demanded decreas…

Factors affecting Demand - UPSC notes

Factors affecting demand  The demand for goods and services in an economy is influenced by several key factors. Here's an overview of each factor…

Engel's Law: UPSC Notes

Engel's Law: UPSC Notes Introduction Engel's Law is an economic principle proposed by the German statistician Ernst Engel in 1857. It state…

Constitutional Discretion of Governor - Indian Polity Notes - TargetIASKannada

Constitutional Discretion of Governor Constitutional discretion refers to specific powers granted to the Governor by the Constitution of India , whi…
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