Sole Proprietorship is most desirable from employment generation point of view because it is done at a small scale and small scale labour intensive methods are used. It will create more employment opportunities.
GDP doesn't account for externalities
Positive Externality: eg: saving commuting time due to the construction of a fly-over, increases welfare, GDP as an index understates welfare
Negative Externalities: eg: Pollution from factories,...
No, modernization as a planning objective does not contradict employment generation. In fact both modernization and employment generation are positively correlated. While modernization refers to the use of new and...
The economic reforms enabled India to access and compete in the international markets. This facilitated the movement of goods and services across the international boundaries. Further, the increased inflows of...
The importance of employment generation programmes in poverty alleviation efforts in India are as follows:-
(i) Direct Relationship between Employment and Poverty Alleviation
There exists a positive relationship between employment...
From the entrepreneur’s point of view the most commonly opted out forms for starting a new venture are:
(i) Sole Proprietorship
(ii) Partnership
(iii) Company.
1. The Government withdrew subsidies and pushed people into poverty.
2. The middle classes were pushed to the periphery of society and the academic and intellectual manpower migrated.
3. A mafia had...
1. It accommodated the revolutionary conservative, extremist and moderates with all other shades of the center.
2. Congress became a platform for numerous groups, interests and even political parties to take part...
