Who can work in MGNREGA?
A household having adult members desirous of seeking unskilled employment in MGNREGA may apply for registration. If an applicant is... View Article
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What are the main features of MGNREGA?
Main features of MGNREGA: Explore The Ultimate Guide to IAS Exam Preparation Download The E-Book Now! Download Now! Gives legal... View Article
What did Keynes believe caused recessions and depressions?
As per Keynes, depressions and recessions are caused by a fall in aggregate demand. When the demand for products falls,... View Article
What are the criticisms of Keynesian economics?
In the 1970s, there was a period of stagflation i.e. higher inflation and higher unemployment which led to heavy criticism... View Article
What is the opposite of Keynesian economics?
Monetarist economics can be considered as the opposite of Keynesian economics. It is a direct criticism of Keynesian economics theory... View Article
Why did Keynesian economics fail in the 1970s?
In the 1970s, there was a period of slow economic growth accompanied by higher inflation. Until the 1970s, many economists... View Article
What is a simple Keynesian model?
The Simple Keynesian Model emphasizes that a decrease in aggregate demand can lead to a stable equilibrium with substantial unemployment.... View Article
What are the 3 major theories of economics?
The 3 major theories of economics are Keynesian economics, Neoclassical economics, and Marxian economics. Some of the other theories of... View Article
What are the basic principles of Keynesian economics?
Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment. Business and economic growth will be... View Article
What are the main points of Keynesian theory?
In an economic downturn, unemployment can result as the prices and wages can be sticky. The primary cause of a... View Article
What is Keynesian theory in economics?
Keynesian economics is considered a “demand-side” theory that focuses on changes in the economy. During the 1930s in an attempt... View Article
Who invented Gresham’s law?
Henry Dunning Macleod named the law Gresham’s law in 1860. He named it after Sir Thomas Gresham. He was an... View Article
What is Gresham’s Law of planning?
A general tendency for programmed activities to overshadow non-programmed activities is known as Gresham’s Law of Planning. However, Gresham’s law... View Article
What is an example of Gresham’s law?
If there are two forms of commodity money in circulation, which are accepted by law as having similar face value,... View Article
What are the main limitations of Gresham’s law?
Gresham’s law will operate or hold good only if certain conditions are fulfilled, hence they are like limitations of Gresham’s... View Article
What is the Dalton transfer principle?
The society will be better off when a unit of income is transferred from a richer individual to a poorer... View Article
Is Kuznets ratio Lorenz consistent?
Yes, the Kuznets ratio is Lorenz consistent as it satisfies four properties. You can read about the Kuznets Curve –... View Article
05 Dec 2021: PIB Summary & Analysis
TABLE OF CONTENTS 1. Biofortification of Rice 2. Survey Vessel Sandhayak 3. President’s Standard 4. Border Security Force (BSF) 1.... View Article
06 Dec 2021: UPSC Exam Comprehensive News Analysis
CNA 06 Dec 2021:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related POLITY AND... View Article
05 Dec 2021: The Hindu Analysis
UPSC Current Affairs Preparation: The Hindu Analysis Watch expert analysis of ‘The Hindu’ dated 05 Dec 2021. Important news and... View Article
