The UN Human Development Index (HDI) was introduced in 1990 by Pakistani economist Mahbub ul Haq, with assistance from Amartya Sen
UPSC Preparation Strategy
Know the right preparation strategy for UPSC Civil Services Exam.
Growth and development are central to understanding the progress of societies and economies. Traditionally, gross domestic product (GDP)
The structural composition of an economy is a reflection of how economic activities are categorized based on their nature and function
The division of the Indian economy into three sectors, along with their respective components, is a common way of categorizing
National Income is a critical measure of a country’s economic performance. It is derived from Net National Product (NNP) by adjusting for indirect taxes and subsidies
Economic growth is a vital component of a nation’s economic progress. It brings about various benefits, including job creation, income augmentation
Economy and economics play a central role in shaping the well-being and progress of societies. Let’s delve deeper into these concepts
In the labyrinth of human progress, curiosity serves as the guiding light, illuminating uncharted territories and propelling civilizations forward
Gross Domestic Product and National Domestic Product – UPSC Economy Notes
GDP, or Gross Domestic Product, represents the total value of goods and services produced within a country’s borders in a given period.
Market price and factor cost are two essential concepts in economics that shed light on different aspects of production, distribution, and pricing within an economy.