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Production Tax & Production Subsidy - Indian Economy Notes

Production Tax & Production Subsidy: Key Concepts 1. Production Tax A production tax is a tax imposed by the government on the production of go…

Why Parliamentary Control is Not Effective

Ineffectiveness of Parliamentary Control  Although Parliament is supposed to control the government, it doesn't always do so effectively. Sever…

Multifunctional role of Parliament

Legislative Powers and Functions of Parliament The Parliament’s main job is to make laws for the country. It has the power to make laws on various…

Funds and Its Types: Consolidated Fund of India, Contingency Fund of India, Public Account of India

UPSC Notes on Funds and Its Types Funds are monetary resources allocated for specific purposes. They are essential for the functioning of governan…

What is GDP Deflator – Indian Economy UPSC Notes

GDP Deflator  The GDP Deflator is a measure of inflation that reflects how much the prices of goods and services produced in an economy have changed…

Basic Concepts of Macroeconomics: Gross vs Net, Domestic vs National, Nominal vs Real, Factor Cost vs Market Price

1. Gross vs Net Gross: Refers to the total value without deducting depreciation (wear and tear of capital goods). Includes the full value of good…

Gross vs. Net – Indian Economy UPSC Notes

In economics, Gross and Net are terms that describe measurements of economic variables before and after certain adjustments. These terms are most c…

4 Factors of Production – Indian Economy UPSC Notes

The four factors of production are the essential resources used to produce goods and services in an economy. These factors are combined in various …

4 sectors of Economy - Indian Economy UPSC notes

The economy is often categorized into four main sectors based on the type of economic activity they involve. These sectors help to understand how d…

Gross Capital Formation (GCF) & Gross Fixed Capital Formation (GFCF)

Gross Capital Formation (GCF) : Gross Capital Formation (GCF) refers to the total value of physical assets that are created in an economy over a spe…
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