Article 33 empowers the Parliament to make laws that would restrict the application of fundamental rights to a specific category of people... View Article
Article 25 of the constitution guarantees freedom of conscience. Under this article, all people have freedom of conscience and the right to... View Article
Freedom of conscience means that a person may choose any religion or may choose not to follow any religion. In respect of the Right to freedom of... View Article
Right to Property was removed from the list of Fundamental Rights. Since this Right created a lot of problems in the way of attaining the goal of... View Article
Article 28 talks about Freedom as to attendance at religious instruction or religious worship in certain educational institutions. It says: No... View Article
Bharat Ratna is not a title under Article 18. Clause 1 of article 18 covers exceptions like academic or military titles. Awards like Padma... View Article
When there is a major shift in the way a market functions or industry functions, it is known as structural change. As per Kuznets view, during... View Article
The Kuznets curve is inverted because, initially, as the income per capita increases the income inequality keeps rising. After a certain point of... View Article
Kuznet ratio is a measurement of the ratio of income going to the highest-earning households (usually defined by the upper 20%) to income going... View Article
As per Kuznets inverted U hypothesis, initially the income inequality will worsen as the economy grows, and the income inequality will reduce at... View Article
Kuznets curve theory hypothesizes that industrializing nations experience a rise and subsequent decline in income inequality. As per Kuznets... View Article
The Phillips curve is used by Central banks to forecast the inflation when the rate of unemployment falls. The Phillips curve was a concept used... View Article
The Phillips curve remains the primary framework for understanding and forecasting inflation used in central banks. Many economists believe that... View Article
Rising prices, high unemployment, slow economic growth are the causes of stagflation. Due to oil embargoes, and as a result of fiscal and... View Article
The speed of price adjustment is indicated by the Phillips curve. From a Keynesian viewpoint, the Phillips curve should slope down so that higher... View Article
Long-run Phillips curve shifts will occur when there is a change in the natural rate of unemployment. At the natural rate of unemployment, the... View Article
The Phillips curve remains the primary framework for understanding and forecasting inflation used in central banks. Many economists believe that... View Article
The inverse relationship between unemployment rate and inflation when graphically charted is called the Phillips curve. It is a single-equation... View Article
