Archive | Economic Reforms

Economics as a Social Science (With Diagram)

In this article we have explained economics as a social science. The answers to this question is 'Yes and No'. Economics can never be an exact science, and is a different kind of discipline to, say, physics or chemistry. The essence of science is prediction. Physical 'laws' tell us what we believe must happen. If you drop a pencil out [...]

By |2017-01-13T05:58:27+05:30January 13, 2017|Social Science|Comments Off on Economics as a Social Science (With Diagram)
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New Economic Reforms in Indian Economy

New Economic Reforms in Indian Economy! It is evident from the reforms introduced in the Indian economy that from a planned economy it has moved towards a free-market economy. Though we still have mixed economy with both the public and private sectors coexisting but the role of private sector which is governed by market forces has been greatly increased and [...]

By |2015-08-26T08:24:38+05:30August 20, 2015|Economic Reforms|Comments Off on New Economic Reforms in Indian Economy
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