DBB3112 ECONOMIC PLANNING

Description

SESSION	JULY-AUGUST 2024
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	05
COURSE CODE & NAME	DBB3112  ECONOMIC PLANNING

 

 

 

Assignment Set – 1

 

1. a. Explain the concept of economic growth and development.
2. What do you mean by foreign aid? Also, discuss the pros of foreign aid.

Ans 1.

1a. Explain the Concept of Economic Growth and Development

Economic growth and economic development, though closely related, are distinct concepts in economics.

Economic Growth refers to the increase in a country’s output of goods and services over time. It is typically measured as the percentage change in Gross Domestic Product (GDP) or Gross National Product (GNP) over a specified period. Economic growth focuses primarily on quantitative improvements in a nation’s economy. For example, an increase in manufacturing output

 

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2. Write a note on
3. Reasons for land degradation
4. Mineral Policy

Ans 2.

1. Reasons for Land Degradation

Land degradation is a critical environmental issue that refers to the decline in the quality of land caused by natural or human-induced factors. It results in the loss of the land’s productivity and its capacity to support ecosystems and human livelihoods. One of the primary causes of land degradation is deforestation. Large-scale clearing of forests for agriculture, urbanization, and industrial

 

3. Explain the mixed economic system, its merits and demerits. (Concerning India)

Ans 3.

Mixed Economic System: Merits and Demerits (Concerning India)

A mixed economic system is an economic model that combines elements of both capitalism and socialism. It seeks to balance the advantages of a market-driven economy with the benefits of government intervention. In a mixed economy, private enterprises operate alongside public sector enterprises,

 

 

Assignment Set – 2

 

 

4. Discuss the concept of price policy in a fast-developing economy.

Ans 4.

Price Policy in a Fast-Developing Economy

Price policy refers to the strategic approach adopted by governments or regulatory authorities to influence or regulate the pricing of goods and services within an economy. In a fast-developing economy, such as India, price policy becomes a critical tool for achieving economic stability, equitable distribution of resources, and sustained growth. The rapid pace of development often brings

 

5. State the labour problems and discuss labour policies.

Ans 5.

Labour Problems and Labour Policies

Labour problems refer to the challenges and issues faced by workers and employers in an economy. In India, with its large and diverse workforce, labour problems are influenced by factors like economic disparity, industrialization, and globalization. These problems are multifaceted, affecting both the organized and unorganized sectors. One major issue is unemployment and underemployment. Despite India’s economic growth, a significant portion of the workforce remains unemployed or

 

6. Analyse the Indian financial system in detail.

Ans 6.

Analysis of the Indian Financial System

The Indian financial system is a crucial component of the country’s economy, facilitating the mobilization and allocation of financial resources. It comprises a network of financial institutions, markets, instruments, and services that support economic growth and development. The financial system in India operates under the supervision and regulation of institutions like the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the