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Showing posts with the label Poverty

Economics: Causes For Poverty and unemployment in India (Direct Points)

WELCOME TO YOU I heartily welcome you to read about few important (Major) causes to explain  why India faced mass poverty.  Apart from this poverty Now a days, India is moving towards achieving economic development. The per capita income, per capita expenditure, ability to pay taxes, education, human resources are all improving. People are becoming more vigillent.  This topic is also important for 11th and 12 grade economics students. ---------- Meaning Poverty can be defined as a social phenomena in which, a session of the people in the society is enable to satisfy even their basic necessities of life. Living standards is also very low, that society is set to be with mass poverty. India is suffering from mass poverty even after 65 years of planning. Still 21.9% of population is below the poverty line.  Generally NITI Aayog is responsible to measure the poverty rates in India. Causes of poverty in India There are number of causes which are responsible for the mass poverty in India. som

Concepts Related To National Income, Unemployment & Poverty

WELCOME TO YOU I heartily welcome you to read the post on these concepts.  ------------------------------ National Income It is the total value of all goods and services which are produced in a country by all sectors in an year is called as national income. or It is the total market value of goods and services produced in a country, counted without duplication  is called national income. Per capita Income Per capita income = Total national income / Total population. It is the average income earn by all people in the country. When the level of per capita income is more, Automatically the economic growth that is output is also more and that leads to its economic development. Unemployment It is a situation when a labor doesn’t get employment despite of his ability and willingness to work at  the existing wage rate is called unemployment. -- when a labour is eligible and willing to work at a existing current market price, but not in a work is called as unemployment. It is an important meas