Sharecropping is a form of land tenancy, in which the landowner permits the tenant to use his land in return for a stipulated fraction of the output (the 'share'). It is an institutional arrangement which has prevailed in both developing countries and less-developed countries [LD(s)]. No doubt, sharecropping is most commonly found in LDCs. However, sharecropping arrangements exist even in [...]
Indian economy was under strict foreign exchange control system in the first four decades of planning. As part of the liberalisation of the Indian economy the Government of India (GOI) started dismantling the foreign exchange control system from 1991-92 onwards. Partial Convertibility of the Rupee: In 1991-92 the GOI adopted a dual exchange rate system under which the official rate [...]
After reading this article you will learn about the problems of higher living standard. 1. Environment Problem: We are seriously polluting and destroying the ecosystems of the planet. We are likely to kill off millions of plant and animal species and to bring about major disruptions to the globe's climatic systems within a few decades. These are direct consequences of [...]