Effect of globalisation on indian socirty

Aashitomar9's avatarTrack2Training

The term ‘globalisation’ means integration of economies and societies through cross country flow of information, ideas, technologies, goods, services, capital, finance and the people. The essence of globalisation in a broad sense is connectivity in all aspects of human life. Although economic forces are an integral part of globalisation, it would be wrong to suggest that they alone produced it. It has been driven forward above all by the development of information and communication technologies that have intensified the scope and speed of interaction between the people all over the world.

India became independent as one of the poorest countries of the world. The British colonial rule had destroyed the self-sufficient agrarian economy. The then Prime Minister of India Jawaharlal Nehru preferred mixed economy for planned economic development of the country. As a result of this, public sectors were set up along with a number of private enterprises, but like…

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How small savings can be a good thing

divyapatni's avatarTrack2Training

“Small droplets make a great ocean” edges | Benefits | Some allied honey votes to clarify the benefits and savings benefits. We are going to look at a touch of rationalization throughout this article.

Small savings to help in an accident
Man seeks money to guide traditional human life. Some value class dimensions are subject to human design. Some tribes are unplanned. Take medical expenses as an example. Someone suffers at times like this. Logic They are not set up and saved. However, people who are in the habit of saving need not worry. As a result of his small savings he is offered a hand.

Necessary cost savings
Allocating a line for small savings is the first expense that each individual or family must make to their potential subject to the financial leverage of the market. It is a good habit to set aside the exact share size in…

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ECONOMICS OF MONEY

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HOW MONEY ORIGINATED?

Money is neither invented nor discovered. It evolved over years. Several centuries ago, there existed a system named the barter system. The barter system is the system where the goods and services are exchanged with each other. For example, If a person says X sells vegetable to another person Y, then the person Y have to sell fruits to the person X. Thus they exchanged goods between them. As time evolves, yellow metal and paper currency was used by the people. The yellow metal is nothing but gold, silver. In this system, the people used gold and silver to buy goods and commodities. As time evolves, the government has said that no need to use gold metals and they will issue notes, i.e, currencies with the value written on them. The government has ordered everyone to use and accept this. As long as people trust the system…

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