Poverty and Inequality, Unemployment, Inflation in India.
Besides, there is extensive use of plant and machinery and modern equipment. Consequently, the system of production, instead of being simple and direct, has become indirect and roundabout. There is capital formation on a large scale making provision for the future. Another salient feature of a modern economy is the extensive use of money.
Money is a very convenient medium of exchange, and as such it facilitates the functioning of the economic system. Division of labour would be impossible without money being available to facilitate exchanges.
But the use of money also breeds booms and depressions.
Thus, while the use of money is a great blessing, it can also be a curse, if its value does not remain stable. Even in democratic and capitalist economies, the sphere of State activity has continued to expand to fill up importing gaps left by private enterprise.
The Government provides social services like education and public health and public utility services like electricity, water and transport. In addition, it looks after the health and the soundness of the economy.Subject: Economics Science Tutorial study Material, lecturing Notes, assignment, reference, wiki, description, explanation, brief detail and important questions and .
Salient Features of Islamic Economics – Essay Sample.
Another salient feature of a modern economy is the extensive use of money. Barter, transactions (i.e., buying good with goods) are few and far between. Money is a very convenient medium of exchange, and as such it facilitates the functioning of the economic system. The followings are some of essential characteristics of SHGs: i. A group of persons of small means. iii. Members of the group come together out of their volition. However, sometimes groups are promoted by NGO and banks. In such a case these are called as self help promoting institutions. iv. The. Salient features of Indian Society, Unity in Diversity. Social Institutions: Family, Marriage, Kinship, Religion and Social stratification in India. Women empowerment and social justice: Policies for women Empowerment in India, Laws for protection of women, women security and safety initiatives in India.
Some Cardinal characteristics of Islamic Economics System are written below: * All the wealth belongs to Allah (SWT): ← The attitudes of Christian and Islamic people toward merchants Essay . Some of the features that describe SHG best arc given he low: I.
SHGs are a democratic group for a development purpose and they arc increasingly used for micro credit.
The size of the SHGs is neither too large nor too small as it is a development group dealing with credit and other socio economic issues. Characteristics Of Shgs Salient Features Economics Essay.
The credit shall be granted after savings not before that. Savings are to come first: no credit will be granted by the SHG without savings.
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Features of developed economic systems: Laterality of industrial sector: In the developed economic systems, industrial and service sectors have dominated the economic system.