Washington As A President Born Abroad Essay Example | Topics and Well Written Essays - 750 words

Washington As A President Born Abroad - Essay Example As per the requirements of the US Constitution, only a citizen by natural birth or an already citizen of the United States during the adoption of the constitution is eligible to election to the Office of the President. Additionally, the Office of the President remains eligible for persons with thirty-five years of age and above, and have been residents within the United States borders for fourteen years. From the amendment; however, all person born or naturalized in the United States are subject to their jurisdiction, citizens of the United States and in the particular state in which they reside. The Constitution clearly states that one's eligibility to run for president of the United States requires that the person be a natural-born citizen, an aspect that is then assumed by many that the president's eligibility refers to individuals physically born in the United States, but is such usually the case? Ideally, the constitution remains vague on the definition of natural born, with a n umber of status defining a natural-born U.S. citizen as an individual entitled to be so "at birth" or "by birth," without regard to the particular place of birth as long as either or both of the parents are United States citizens. Determination of George Washington's United States citizenship and eligibility to run and be elected as president of the United States is an aspect that requires an in-depth analysis. George Washington was a Virginian by birth, though the United States never existed during his birth.

Text Analysis Essay Example | Topics and Well Written Essays - 1000 words

Text Analysis - Essay Example The main clause in this is 'iron man stood at the top of the cliff.' This clause is by itself a sentence. This means there is a complete meaning for it even if it is alone with no other phrase. (English grammar 2009). This structure of the sentence makes it ambiguous because since 'taller than a house' precedes 'iron man' and 'cliff', who or what is taller than a house might confuse the students. This affects the semantics of the sentence. This is due to improper phrase structure. It reads better as, 'The Iron Man, taller than a house, stood in the darkness, at the top, on the very brink of the cliff.' Thus, the sentence will be understood better. This creates a language cluster with 'at the top, on the very brink of the cliff.' Speaking about the pragmatics in it, the exact meaning of the sentence will be understood only if the students know who the iron man is or what the story is about. Else, they will be puzzled about how a man can be made of iron. The sentence alone will only give a sense of the real meaning; that the iron man, a very tall person, stood at the edge of the cliff in the darkness. As the students discuss among themselves, they might come up with negotiated meanings for the sent ence like the iron man wanted to jump off the cliff because he was standing at the edge of it. The denoted meaning is that the man was made of iron, that he was very tall, and that he stood at the edge of the cliff in the darkness. But, connotation might arise at the mention of iron and the edge of the cliff. It varies with each student, but it might be something like imagining themselves as the iron man or as standing at edge of a cliff. In this case, the first level of pragmatism is that the tall iron man stood at the edge of the cliff in the darkness. The second level of pragmatism gives the idea that it was night time. The third level of pragmatism will bring in thoughts like he will or will not die if he falls off the cliff because he's made of iron and there is a chance of falling since its dark. This sentence contains almost all the elements of English language, and can be used as a good example for teaching what phrases and clauses are. But considering the limitations of the students, this one is a bit confusing to start with. 2. The wind sang through his iron fingers: The nouns in the sentence are 'wind and 'iron fingers' where again, iron is a descriptive part. 'Sang' is the simple past tense verb in it. 'The' is the article and 'through' is the preposition. 'His' is the pronoun. The sentence is a very simple one with just a single clause. The sentence does not provide any ambiguity in its structure, and is right semantically. The meaning of the sentence is pretty easy for any child. Taking this particular sentence alone, its pragmatism is to be discussed. Since the iron man's name is not mentioned, the reference of 'his' will create a problem. The sense of meaning that this sentence gives is that the iron fingers had gaps in between through which the wind blew singing. The negotiated meaning can be that a giant had iron fingers with so much of gap in between them that even a child can pass through it. The denoted meanin

Geoffrey Chaucer Impact History Research Paper Example | Topics and Well Written Essays - 1000 words

Geoffrey Chaucer Impact History - Research Paper Example The present research has identified that the Canterbury tales started with the names of the people going to Canterbury for pilgrimage and moved on to the stories of each individual narrating the personal story during the journey. The writer had written the story of each pilgrim with much detail regarding their jobs, personal behavior and style of outfits having historical relevance and with the perspective of the community. It is because of the reason that Canterbury tales had become the most popular and greatest work of English writing that every historian must have read. The major reasons behind the popularity is the deep insight of the subject and the changes of fourteen century had been mentioned with perfection regarding religion, social aspects and gender differences. In 1343, Chaucer came into this world in Great Britain as a middle class family member but he spent his life in the ruling aristocratic home. During his lifetime he understood the difference and realities of the u pper class and middle class and their bonding with the lower class. This deep understanding made his mind clear and resulted in finesse in writing and clearly stated differences with perfection and amuse regarding social class. His writings also revealed the changes in society. Chaucer was a highly qualified writer although; this quality was not popular among the writers of that century belonging to a middle class. The Canterbury tales had the storyline of pilgrims on their way to their destiny. The story was initiated by the writer in 1387 and continued writing it till his death in 1400. However, the whole story was not fully complete, but there was tales in it with complete meaning and became the leading stories not for that century but for the entire centuries. In the starting of the Canterbury tales, the writer had expressed his views about the non acceptance of rules and regulations by new generation from the old ones. For example: in tale â€Å"general prologue†, the kn ight was explained as honest, accurate and noble and opposite to him was his son with the following of the footsteps of the father. The son was getting the same training as his father but he was more inclined towards arts like writing poetry and singing instead of showing valor and courage as his father. The whole writing showed the changes circumstances than the medieval period as mentioned by historians regarding the knighthood in a country. Chaucer story also mentioned the literature and poetry as the vital parts of the England’s society at that time period that revealed more about the knighthood changes. While the writer was writing over this story during that century, the knighthood was losing its charm and importance in the England. Representation of changing role of society The Canterbury tales did not only explain the changing of society’s role for the high and ruling class but also the change of ideas and controversies regarding the religion in fourteen centur y. The main idea of the Canterbury tales was to explain the pilgrims going on a pilgrimage. Thus, the main concept described the importance of religion in England at that time among the society. According to justice, pilgrimage is travel to the place of worship or tomb of saint by the Christians. The story based on the pilgrims belonged to the clergy. The latest writers can get the better understanding of the people working in the church at that time by reading the tales and can also get to know about the valuable items for the male and female members of clergy during fourteenth century. Religious perspective of Chaucer Chaucer’s described the character of the person in a much detailed and clear tone. In medieval period, parson was known to be as the best clergyman.

Communication an organisations Essay Example for Free

Communication an organisations Essay This assessment is to demonstrate an understanding and appreciation of the topics taught in leading and motivating a team effectively module of the ILM Level 3 Course in Leadership and Management. The document will be split into two main sections, the first section will focus on how to communicate an organisations vision and strategy to the team as well as provide an analysis on its importance. The second section will look at the role motivation in the development of a team. Section 1: How to communicate an organisations vision and strategy to the team One of the definitions of the word team (in its verb form) is, come together to achieve a common goal (Oxford University Press, 2014). It is this common goal or purpose that turns a group of individuals into a team without a common purpose or goal to strive toward a team cannot function effectively. For example in a football team each player needs to know their place and role in the team, but also the strategy and vision for wider team, is the team an attacking team, a defensive team, do they attack via the wings etc. without knowing the common goal of the team the players will look to their own role and not know how to support the wider team and therefore are less likely to achieve their common goal. The same holds true within an organisation not just at an individual person level but at a departmental level, if teams do not know the wider vision or strategy of the organisation they can become siloed and retreat upon themselves and just focus on delivering the â€Å"day job† rather than support the organisation in a more holistic role. With the above in mind, it’s clear to see that for a team to perform it needs clarity in its purpose, and from a business point of view this should be given by the vision and strategy of the organisation. The vision tells us what the organisation wants to be, it doesn’t focus on the how that is the role of the strategy, the vision is a simple statement of what it wants to achieve. Below is an example vision statement from Amazon. Our vision is to be earths most customer-centric company where customers can find and discover anything they might want to buy online†¦ at the lowest possible prices. It’s a fairly short statement but allows staff and managers to know that the focus of Amazon is on three things †¢Being Customer Focused †¢Providing Online Services †¢Cost effectiveness (for Amazon and the customer) With the vision clearly stated it helps teams understand the direction in which the organisation wants to go, the next step is to explain how team fits in this vision and will help deliver it. Once the vision of an organisation is understood, it’s important about going about explaining how it will achieve this and this is referred to as the strategy. The strategy should be a series of plans that detail how elements of the vision will be achieved; for example Amazon’s vision could be split into two strategies; being customer centric and providing online services with cost effectiveness being a theme that runs across both strategies. These plans would then be broken down into more tactical detail such as action plans and SMART objectives to be carried out an operational level. For example a call centre team will have several objectives/KPI such as Calls answered in less than 5 seconds in a given month or First Time Call Resolution 95% (Year to Date), which without much explanation simply look like tools to ensure staff are doing their jobs when in fact they are SMART objectives that relate to the customer focused strategy of Amazon’s vision and how effec tively that strategy is working. It is the performance of these objectives that dictate future strategy, poor performance may result in a change of strategy (i.e. outsourcing) where as good performance could result in the current strategy being maintained or even expanded (i.e. expansion to provide alternative services) and as such it is vital that staff are informed not only of their objectives and targets but how and why they exist, and what their overall effect on the business is. As we can see the role the vision and strategy plays in the performance of a team or individual is huge but it can be a two edged sword if the vision and strategy are either poorly communicated, misunderstood or simply unknown. As such communication is key, to ensure that the common sense and purpose that the vision and strategy provides is embedded and understood. There are many methods of communication available within an organisation in aid of establishing a common purpose, but the first method is that the vision statement should be one that staff and customers can relate too and  understand, if the vision doesn’t make sense the job to communicate it to staff will be twice as hard. A good basis for ensuring good communication is using the seven principles of communication; to ensure the message is clear, concise, concrete, correct, coherent, complete and naturally courteous. Once the message has been developed, it’s a matter of choosing the medium in which it is delivered; there are various methods such as email, telephone, meetings, seminars, presentation, 1-2-1s, newsletters all of which to be effective must be used at the right time and place. As the vision is a supposed to provide a common purpose and understanding of what the company wants to be, it suggests that the best way to communicate this message is via more group/communal methods such as Team meetings, Away days or newsletters where the same message can be relayed to multiple staff at a time and avoids confusion or contamination of the key messages trying to be delivered, that can occur in mores personal communications such as 1-2-1 meetings. For example a team meeting where a contact centre manager for Amazon relays the vision of the company and how the team’s work fits in and helps deliver it to their 10 staff, is likely to be more effective than having 10 1-2-1 sessions in which they deliver they try to deliver the same message which is likely to alter between sessions due to personal relationships coming into play, more two way conversation disrupting the flow of the message, the recipient choosing to understand the message how they see it rather than how it was said and then finally the confusion that can occur when team members compare conversations. This is not to say that group communication is always the best method to use as it does also have its downsides such as; it’s less likely people will ask questions in team/group meetings and could result in misunderstandings/confusion, if the person delivering the message is not clear and does not understand the message being delivered it will have a negative impact on the recipients, they can become side tracked by issues that arise during the meeting and people forget the message being delivered. My own skills actually lend themselves to small groups or 1-2-1 sessions as I struggle to manage wider groups at times, especially when the meeting goes off topic or several conversations start within the meeting. However as I only manage two staff at the moment this hasn’t hampered my ability to communicate a common sense of purpose to my staff as I have my own concepts on what our role is in the  business, however as highlighted in our learner session in July we did struggle as a group to find the group’s vision and strategy, which in itself is a failing in that without knowing the true vision and strategy of the business how can I communicate that to my staff and could potentially be providing them with a purpose that is counter to the organisations own goals. In reflection this had led me to book in some time to read the new business plan, and in readiness I’ve booked a team meeting together with my staff to go over it and highlight were we as a team fit in it. I’ve also took some time recently to review our action plans and KPI’s on Covalent, which is a software we use to link action plans and KPI’s together to strategies to see how our objectiv es are linked to the wider organisation and through that hopefully provide better clarity and coherent information to my staff. Hopefully my management of meetings will improve through this course, as one of the modules in on managing meetings effectively. In conclusion I use to think my communication skills were quite good, however through this exercise I’ve noted that while my method of delivery and communication style may be good it doesn’t mean much if you don’t truly know the message you are trying to convey which until I’m up to speed on the business plan and our place in it I can’t say I know what that message should be without retreating into the â€Å"day job† which as mentioned at the beginning is a symptom of a team who doesn’t know the organisations vision or strategy. Section 2: Know how to motivate and develop the team Section 2.1: Describe the main motivational factors in a work context and how these may apply to different situations, teams and individuals. There are multiple models and theories for motivation such as Maslow’s hierarchy of needs, Alderfers ERG theory, Acquired Needs Theory by McClellan and Two Factor Theory by Hezberg to name a few and while most can be used to explain motivational factors in a work context some such as Maslow’s and Alderfer’s theory require more adaption or to make it fit as such I’ll be using Hezberg’s Two factor theory to describe the main motivational factors in the work context. According to Herzberg, two kinds of factors affect motivation,  and they do it in different ways: Hygiene factors: These are factors that are taken for granted and can be seen as having no positive satisfaction by themselves, however if they were taken away would cause a dramatic down turn in morale and motivation. An example is a policy of free tea and coffee for staff by itself unlikely to motivate staff but if it was removed would have a negative impact. Motivator factors: These are factors whose presence motivates. Their absence does not cause any particular dissatisfaction, it just fails to motivate. An example would be recognition at work for a job well done, achieving a promotion. Looking at the above it would seem that simply applying the motivator factors would cause an increase in motivation and simply ensuring the hygiene factors stayed in place is the sure fire way to succeed in motivating your staff, however the below example shows how by applying one rule to an individual can affect the team as a whole. Person A is doing a good job and as such you wish to increase motivation by recognising their work, which you do by offering a promotion/raise or bonus, this however can impact on the rest of the team as Pay and Benefits also come under Hygiene factors and as such by rewarding one and not everyone in the team this can cause a demotivation or job dissatisfaction. Section 2.2: Explain the importance of a leader being able to motivate teams and individuals and gain their commitment to objectives. Section 2.3: Explain the role that the leader plays in supporting and developing the team and its members and give practical examples of when this will be necessary

Beowulf is an Epic Hero Essay example -- Epic of Beowulf Essays

In the epic poem Beowulf, the protagonist Beowulf is shown as a hero with extrodinary strength. This is not what makes him a hero. By definition, a hero is a man of exceptional quality. However this term does not do Beowulf justice. His self-imposed purpose in life is to help others, and eventually sacrifices his own life in doing so. Beowulf’s battle with the dragon serves as a critique of the notion that Beowulf is a hero. The Dragon section displays many of Beowulf’s heoric characteristics. Beowulf establishes himself as a hero by fighting the dragon, exemplifing strength and courage when fighting the dragon, and sacrificing himself so that others can live. Beowulf’s fight against the dragon shows Beowulf as a hero. Although Beowulf had previously defeated two other foes, he stands fast and fights his most formidable foe yet, the dragon. Dragons were notoriously difficult to kill, and the poem states that it was a great man, who could kill a dragon, even if it meant losing one's life. While others cower away Beowulf fights the dragon. Beowulf defeats the dragon but loses his life in the same instance. Like the classical hero Beowulf loses his special status in death. Beowulf sought no compensation for his services; the mere satisfaction of helping others was pay enough. Like his two previous battles Beowulf fights for those who could not fight for themselves. While fighting the Dragon Beowulf shows feats of strength and courage that define him as a hero. The classical...

PESTEL Analysis of K-Mart Essay

Understanding the general environment of a certain business requires knowledge regarding the key factors and trends in broader society. PESTEL Analysis gives a business the ability to break down the general environment into six different categories: Political, Economic, Social, Technological, Environmental, and Legal. By analyzing and studying each area, a company can create a strategy that most benefits them. Sears and K-Mart are two retail businesses that can gain from understanding the general environment through PESTEL Analysis. They could use it bad. One way to take a step forward is by creating new innovative strategies and conducting a PESTEL analysis is a good place to start. The first step of PESTEL is to try to understand the political environment. Sears and K-Mart focus on what political factors might affect the way they conduct business and create strategies based on this information. Sears and K-Mart are a part of many companies owned by Sears Holdings Corporation. Sears Holdings Corporation engages in government and political affairs that will benefit them. They openly express interest in politics on their website, stating â€Å"In some jurisdictions, Sears Holdings is engaged in the political campaign process to help elect candidates of both major political parties who support the retail industry and believe in the free enterprise system.1† Engaging in the political arena helps a business like K-Mart understand political trends. Political factors that may be lobbied on by Sears and K-Mart are ones that involve tax policies, labor laws and tariffs. Sears Holdings Company would most likely back the candidate that most benefited them. In 2008 former CEO of Sears, Alan J. Lacy, was one of many retail executives who supported John McCain for President.2 Being open about political affiliations can possibly affect customer opinions. This may not have affected the customer base of Sears, but Sears believes that the Republican Party best helps them. Economic and Social conditions are two major areas that any retail company must focus on in order to create effective strategies. These two areas have can have tremendous affects on the success of retail companies. If the Economy is down then people don’t usually like to spend a lot of money, and this takes a toll on sales of retail businesses. In 2011 Sears and K-Mart closed over 100 stores in an effort to raise cash. According to an article in the Huffington Post, the â€Å"problem is the weak economy that is hurting virtually  all retailers that cater to low- and middle-income shoppers, who are being forced to cut back on spending.3† Today, Sears and K-Mart are being affected by the changing retail landscape, where shoppers are going online for convenience and finding better prices. In order to be successful Sears Holdings must try to get on top of this changing landscape before it passes them by. Social factors go hand in hand with economic factors. If the economy is doing well that does not immediately translate into a major boost in sales. Social factors, like perception, play a gigantic role in the success of today’s businesses because of the affects of social media and the internet. Social perception is an area Sears and K-Mart have been lacking in. Preschool teacher Sara Kriz expresses a view that captures the perception of K-Mart beautifully by saying, â€Å"It seems easier to go to Target and Wal-Mart to get the same thing at the same price,† adding â€Å"the stores are cleaner, and they’re better stocked.4† If Sears and K-Mart want to become more profitable and generate more sales then they must direct their attention to trying to change this negative view associated with their stores. Social media and internet give customers a platform to share their opinions and experiences with the whole world. If most experiences are negative, then the general consensus will be to shop at other places. Technology like the internet has brought about a lot of change and it is another area of the external environment that businesses must try to understand in order to gain a competitive edge. Technology is everywhere we look and its getting better and better. Technology has affected the way Sears and K-Mart strategized in the past. In an attempt to bridge digital and in-store shopping, Sears and K-Mart rolled out iPads and iPod touch devices to almost 450 stores around the country in October 2011.5 Kimberly Freely, spokeswoman for Sears, Chicago, explained the move: â€Å"We wanted to enhance the relationship between customers and associates and improve the overall shopping experience,† adding that, â€Å"it is part of our strategy to become more of an integrated retailer a nd combining the digital and retail formats within the company.† This goes to show the impact that technology is having on the retail market. Today Sears and K-Mart are still striving to incorporate advanced technology in order to improve. Environmental and Legal factors are the last two pieces of PESTEL analysis. Sears and Kmart have aligned their environmental goals with that of the general public.  Sears and Kmart realize promoting a clean environment can benefit both themselves and society as a whole. Many of the appliances Sears sells tout the label of being energy efficient. This reflects Sears and Kmarts efforts to educate customers about a variety of environmental issues, including carbon and energy management, waste reduction and recycling, and water and transportation management. On Sears Holdings Company’s webpage you can learn about all the steps it is taking to promote a clean and sustainable environment. By continuing to engage in this type of activity, Sears and Kmart demonstrate responsibility and a genuine care for protecting the environment. This can go a long way in terms of changing social perception of Sears and Kmart. The Legal aspect of the external environment plays an everyday role in the way Sears and Kmart do business. Sears and Kmart must follow strict legal guidelines covering accounting and reporting practices, antitrust laws, and bribery and corruption among others. Failing to stay within the boundaries of the law can be detrimental to any business. Sears addresses its willingness to comply with laws in the Corporate Governance section of its main website. It states that â€Å"Sears Holdings Corporation values honesty, integrity, and adherence to the highest ethical standards. As part of this commitment, SHC has instituted a series of policies and procedures to reaffirm its dedication to the highest ethical standards.6† Keeping a keen eye on the legal aspect of the external environment will allow Sears and Kmart to focus on its corporate strategy without unnecessary distractions. Understanding the general environment of a certain business requires knowledge regarding the key factors and trends in broader society. It is essential for a business to know the aspects of the external environment so that it can create and enforce an effective strategy. Performing a PESTEL Analysis is the first step in understanding the external environment. Sears and Kmart can greatly benefit from knowing what external factors impact business operations. SWOT Analysis is the next step in collecting information to help understand what capabilities Sears and Kmart should focus on. Works Cited 1 â€Å"Government Affairs.† Sears Holdings. N.p., n.d. Web. 17 Apr. 2014. . 2 Farfan, Barbara. â€Å"Democratic and Republican Parties Both Get Strong Support from Retailers.† About.com Retail Industry. N.p., n.d. Web. 17 Apr. 2014. . 3 Berman, Jillian. â€Å"Sears Kmart Stores Closing: At Least 100 Stores To Shut Down Retailer Says.† The Huffington Post. TheHuffingtonPost.com, 27 Dec. 2011. Web. 17 Apr. 2014. 4 Berman, Jillian. â€Å"Sears Kmart Stores Closing: At Least 100 Stores To Shut Down Retailer Says.† The Huffington Post. TheHuffingtonPost.com, 27 Dec. 2011. Web. 17 Apr. 2014. 5 Tode, Chantal. â€Å"Sears Puts IPads in Shopper Hands to Enhance In-store Shopping.Napean LLC, 17 Oct. 2011. Web. 17 Apr. 2014. 6 â€Å"Corporate Governance.† Sears Holdings Code of Conduct. N.p., n.d. Web. 17 Apr. 2014. .

Critical Path Analysis

Critical Path Analysis INTRODUCTION: Planning, Scheduling and Controlling are three important functions of management. Planning involves the formulation of objectives and goals that are subsequently translated into Specific plans and projects. Scheduling is concerned about the implementation of activities necessary to achieve the laid down plans. The function of control is to institute a mechanism that can trigger a warning signal if actual performance is deviating (in terms of time, cost and some other measures of effectiveness) from the plan.If such a deviation is unacceptable to the concerned manager, he will be required to take corrective action to bring performance in conformity with the plans. The PERT and CPM models are extremely useful for the purpose of planning, scheduling and controlling the progress and completion of large and complex projects or for carrying out the analysis of these three managerial functions. Before we describe the basic concepts used in the constructi on and analysis of these models, let us first understand the meaning of a project. What is a project?A project can be defined as a set of large number of activities or jobs that are performed in a certain sequence determined logically or technologically and it has to be completed within (i) a specified time, (ii) a specified cost and (iii) meeting the performance standards. Examples of a project from fairly diverse fields are given below: 1. Introducing a new product in the market. 2. Construction of a new bridge over a river or construction of a 25 storied building, 3. Executing a large and complex order on jobbing production. 4. Sending a spacecraft to the mars. GENERAL FRAMEWORK OF PERT/CPMA network is a graphical representation of a project, depicting the flow as well as the sequence of well-defined activities and events. Developed during the 1950s, both CPM (Critical Path Method) and PERT (Programme Evaluation and Review Technique) are network techniques/models. The network app roach helps project managers in planning, Scheduling and controlling. As a planning tool it helps the manager to estimate the requirements of resources viz. , materials, equipment, manpower, cost and time for each activity or tasks of the project. This approach cannot make decisions by its own.It only provide additional information to executives to facilitate decision making process. Also it does not provide solution to every management problem. It certainly helps in identification of those activities, jobs or events which control the completion of the project. The working methodology of critical path analysis (CPA) which includes both CPM and PERT, consists of following five steps: 1. Analyse and break down the project in terms of specific activities and/ or events. 2. Determine the interdependence and sequence of specific activities and prepare a net work. . Assign estimates of time, cost or both to all the activities of the network. 4. Identify the longest or critical path throug h the network. 5. Monitor, evaluate and control the progress of the project by replanning, rescheduling and reassignment of resources. The central task in the control aspect of these models is to identify the longest path through the network. The longest path is the critical path because it equals the minimum time required to complete the project. All other paths other than the critical path (i. e. o critical or slack paths) offer flexibility in scheduling and transferring resources, because they take less time to complete than the critical path. ADVANTAGES OF CRITICAL PATH ANALYSIS There are a number of advantages in using critical path analysis. 1. It allows for a comprehensive view of the entire project. Because of the sequential and concurrent relationships, time scheduling becomes very effective. Identifying the critical activities keeps the executive alert and in a state of preparedness, with alternative plans ready in case these are needed.Breaking down the project into small er components permits better and closer control. 2. Critical path analysis offers economical and effective system of control based on the principle of management by exception i. e. need for corrective action arises only in exceptional situations and in most of other cases, performance is in conformity with the plans. 3. It is a dynamic tool of management which calls for constant review, a reformulation of the network, and finding the current path of relevance and optimum resources allocation.FUNDAMENTALS OF A CPA NETWORK ( Activity An activity is any portion of a project which consumes time or resources and has a definable beginning and ending. For example, â€Å"laying of pipe† is an activity requiring the use of resource mainly effort. Activity may involve labour, paper work, contractual negotiations, machinery operations, etc. Commonly used terms synonymous with â€Å"activity† are â€Å"task† and â€Å"job†. Figure 1 and 2 Activities are graphically r epresented by arrows, usually with description and time estimates written along the arrows.The tail of the arrow portraying an activity represents the starting point of the activity and its head represents its completion. The arrow may be straight slanting, or bent but not broken (see figure-1). The arrow is not a vector and need not be drawn to scale. ( Events The beginning and ending points of an activity or a group of activities are called events. Synonyms of an event are â€Å"node† and â€Å"connectors† An event is often represented graphically by a numbered circle (see figure-2), although any geometric figure such as square, oval, rectangle etc. will serve the purpose.We shall, however, stick to the most commonly used convention for representing an event viz, the circle. A few examples of events are as follows : (i) Material procured, (ii) Design completed, (iii) Project started, (iv) Bricks laid, etc. All activities in a network must commence from some event. Su ch events are called the tail events because they are connected to the tail of an activity. These are shown in figure 3. Similarly, all activities in a network must have terminal points called the head event because it is at the head of an activity. These are shown in figure-4.Figure-5 depicts tail and head events connected by arrows representing activities i. e. it depicts the dual role of an event. Event 14 is the head event for one activity and tail event for another. In a network, symbol â€Å"i† is used for the tail event (also called preceding event) and â€Å"j† for the head event (or succeeding event) of an activity. The activity, then being I-j. If an event represents the joint completion of more than one activity, it is called a merge event. If an event represents the joint initiation of more than one activity, it is called a burst event.A network is, then, a graphical representation of a project plan, showing the inter-relationship of the various activities. Networks are also called arrow diagrams (see figure – 6). When the results of time estimates and computations have been added to a network, it may be used as a project schedule. Conventions adopted in drawing networks: There are two conventions normally adopted while drawing networks. In the early stages of network drawing, it is suggested that the conventions should be respected until sufficient experience has been gained to justify dropping them.These conventions are: a) Time flows from left to right. b) Head events always have a number higher than that of the tail events. The above stated conventions allow activities to be referred uniquely by their tail and head event numbers, so that â€Å"activity 3-4† means only â€Å"the activity which starts from event 3 proceeds to event 4†; it cannot mean â€Å"the activity which starts from event 4 and finishes event 3†. Graphical representation of events and activities: Events are represents by numbers withi n circles. Activities are represented by arrows, the arrow-heads represent the completion of the activities.The length and orientation of the arrow are of no significance whatsoever (chosen only for the convenience of drawing). The activity of leaving place A and walking to place B can equally well be represented by figure-7. Fundamental properties governing the representation of events and activities: The representation of events and activities is governed by one simple dependency rule which requires that an activity which depends upon another activity is shown to emerge from the head event of the activity upon which it depends and that only dependent activities are drawn in this way.Thus, if activity B depends upon activity A, then the two activities are drawn in figure-8. Figure 7 AB 1. An event cannot occur until all activities leading to it are complete. 2. No activity can start until its tail event in reached. The above two properties can be combined into a single one, namely that â€Å"no activity may start until all previous activity in the same chain are completed. Logical sequencing are connection of activities; A project entails several activities. The arrows are arranged to show the plan of logical sequence in which the activities of the project are to be accomplished.The sequence is ascertained for each activity by answering the following three quires viz: (i)Which activity or activities must be completed before the start of a particular activity ? (ii) Which activity or activities should follow this? (iii) Which activities can be accomplished simultaneously? The activity or activities which immediately come before another activity without any intervening activities are called predecessor activities to that activity. The activities which follow another activity without any intervening activities are called successor activities to that activity.In a project of laying a pipe line, the three activities involved may be trenching, laying pipe and weld ing pipe. To decide the logical connection between these three activities necessary that they be carried out in series, the reasoning being that the pipe cannot be laid until trenching has been done and welding cannot be undertaken until the pipe has been laid. This way we decide the logical sequencing between different activities. Errors in logical sequencing: Two types of errors in logic may arise while drawing a network, particularly when it is a complicated one. These are known as looping dangling. 1)Looping: Normally in a network, the arrow points from left to right. This convention is to be strictly adhered, as this would avoid illogical looping, as shown wrongly below : (2)Dangling: The situation represented by the following diagram is also at fault, since the activity represented by the dangling arrow 9-11 is undertaken with no result. A To overcome the problem arising due to dangling arrows, following rules may be adopted. (i) All events, except the first and the last, must have at least one activity entering and one activity leaving them, ii) All activities must start and finish with an event. (3)Duplicate activities: Consider the following figure 11: A XY B Figure 11 In the above figure, activities A and B may be called duplicate activities because they have same head event (i. e. 6) and the same tail event (i. e. 7). One remedy for such a situation is the introduction of a dummy activity (4) Dummy activity: It is a hypothetical activity which consumes no resource and time. It is represented by dotted lines and is inserted in the network to clarify activity pattern under the following situations: ) It is created to make activities with common starting and finishing events distinguishable. ii) To identify and maintain the proper precedence relationship between activities that are not connected by events. iii) To bring all â€Å"loose ends† to a single initial and a single terminal event in each network using dummies, if necessary. For example, problem of duplicate activities in the figure-11 above may be circumvented as shown in figure-12. A XY B Figure 12 Figure – 13 shows three cases for the following set of dependency relationships: Activity C is dependent upon both A and B.Activity D is dependent upon A alone. BC AC A DD BA C B AD The first portrayal (on top left of figure-13) is clearly wrong since it shows D as dependent upon not only A but also B which is not desired. The other portrayal (ii) is also wrong since A is being shown twice and thus contravenes the fundamental axiom of network that three must be one arrow for each activity. The way out to this dilemma is the representation by means of the dummy activity. In the third portrayal of figure -13, C is dependent upon both A and B (via dummy) whereas D is dependent upon just A.Numbering the events: The event numbers in a network should in some respect reflect their logical sequences. When a complicated network has been drawn then the problem of assignin g numbers to the events involved in the network arises. A rule devised by D. R. Fulkerson, involving the following steps may be followed to resolve the problem numbering the events. i) An â€Å"initial† event is one which has arrow/arrows coming out of it and none of the arrow entering it. In a network there will be only one such event. Call it â€Å"1†. (ii) Delete all arrows coming out from the event 1. This will give us at least one more â€Å"initial event†. i) Number these events as â€Å"2, 3†¦. † (iv) Delete all emerging arrows from these numbered events which will create new initial events. Then follow step (iii). (v) Continue the above steps till last event is obtained which has no arrows coming out of it. Consider the numbering of events in the following figure. Figure 14 F AFA BG B CH CG AF AF BG BG CH CH AF AF BG BG CH CH Figure 15 Here we proceed from left to right. The event with least x- co-ordinate is assigned the smallest integer, sa y 1. other events are assigned progressively higher integers with regard to x-co-ordinate.If two or more events (4 and 5 above) have the same x-co-ordinate, the one towards arrow should have higher number. Further, it is not necessary, and in fact also not desirable to number the events consecutively. It would be a better scheme to number the events as 10, 20, 30, 40, 50, 60, 70 in the above diagram instead of 1, 2, 3, 4, 5, 6, 7. This affords insertion of more activities and events omitted by oversight or having become necessary in view of certain logic revisions. It was mentioned earlier that it is desirable that all the activity arrows point from left to right. If the arrow is vertical it may point downwards or upwards.For the sake of preventability it is to be recommended that activities emanating from one event or converging to another may make as great angles between themselves as possible. A few more conventions are given below: (i) Keep the arrow to the extreme right. (ii) A s far as possible avoid drawing arrows that cross each other. Usually by suitable ‘stretching’ the network diagram it is possible to avoid this. (iii) Where, however, crossing is unavoidable, bridging may be done. This applies to dummies as well. Draw boldly a big network. Smaller ones are confusing. Use of pencil and rubber is recommended.Exercise: Depict the following dependency relationships by means of network diagrams. The Alphabets stand for activities. 1. A & B control F; B and C control G. 2. A & B control F; B Controls G while C controls G and H. 3. A controls F and G; B controls G; while C controls G and H. 4. A controls F and G; B and C control G with H depending upon C. 5. F & G are controlled by A, G and H are controlled by B with H controlled by B and C. 6. A controls F, G and H; B controls G and H with H controlled by C. Answer: The required networks are given in figure -15 Exercise: Find out the superfluous (unnecessary) dummy activities in the network b elow. BEH C AF G D Figure 16 JKL M FG AB CDE H M IK Figure 14 Basic steps involved in drawing a CPM/PERT network : Network is defined as a diagram representing the activities and events of a project, their sequence and inter-relationships. The basic steps involved in drawing a network are: i) Breaking up of the entire project into smaller systems known as tasks. ii) For each tack ascertain the activities and events to be performed. iii) For each activity determine the preceding and succeeding activities. iv) For each activity determine or estimate the time and other resources needed. v) Draw a network depicting the assembly of tasks into a project.Network Construction Problem 1 The activities involved in the computer installation process are detailed below. You are required to draw the network. ActivityPredecessor Activities A. Physical preparationnone B. Organizational planningnone C. Personal SelectionB D. Equipment InstallationA E. Personal TrainingC F. Detailed systems designC G . File ConversionF H. Establish standards and controlsF I. Programme preparationH J. Programme TestingI K. Parallel operationsD, E, G, J. L. Finalize systems documentationI M. Follow upK, L B< C (ii) AA None < A None < B B B D C D A A < D (iii)C

Automatic car navigation system Essay Example

Automatic car navigation system Essay Example Automatic car navigation system Essay Automatic car navigation system Essay What is Automated Car Navigation System? It has been about 100 old ages since autos have been turn overing out of the mills and there has been singular promotions in engineering, from the traditional maximal 40 km/hr to the present twenty-four hours 300 km/hr, along came many radical engineerings and detectors, for illustration the distant detector which senses if there is any obstruction while parking the auto. All this has been possible by utilizing the microprocessors in the auto. All the determination devising after feeling the obstruction is done by the microprocessor. What would be the following radical thing now? Cars can wing? ! Well, yes that can excessively be the following large thing, but since we are speaking about the microprocessors and there coming in car sector, the following large thing which seems to me is the automatic auto pilotage system. Yes, auto thrusts itself, The user merely gives in the finish and the auto figures out the way, steering itself carefully through the traffic. Present Day Technology Soon there is non working paradigm in the commercial sector, but there is a batch of research and development traveling on. Let s discuss few of them- GPS Navigation: The most common technique is the usage of Global Positioning Satellite to obtain the current coordinates of the auto and the coordinates of our finish and this information is fed into the computing machine which decides which is the shortest way to make the finish. Demerits: Lack of truth ( mistake is in metres ) and the engineering is expensive as it would necessitate more orbiters to be fired up into the infinite Options An option to the GPS solution is utilizing the A ; lsquo ; Local Mapping Technique . When we travel in an unknown terrain, how best do we make a finish? By inquiring the people local to that location, For illustration person coming from Delhi to Chehrhu take the national main road and when it will make Punjab it will look for route marks and inquire local people the shortest way to make Chehrhu. Same solution we will use to our pilotage system. Rather than linking all the autos to a geostationary orbiter, we can on the contrary connect these autos to local waiters, much like how our nomadic phones interact with the nomadic towers. Each auto will act like a nomadic set and everytime it enters the A ; lsquo ; coverage country of our pilotage waiters, it will interact with it by directing a long whole number value ( bespeaking it s finish reference ) , the waiter will so decrypt the whole number value and figure out the finish. It will subsequently pass on the little instructions to the auto and assist the auto to voyage. Like in our analogy, a local individual might state us A ; lsquo ; Go straight till You hit a left bend, take left and so once more travel directly till You reach a chownk . After making the A ; lsquo ; chownk we once more ask for the following direction from another individual. The local waiter will state something similar to the auto and the auto will merely follow the instructions. How will the auto cognize where is it heading? How will the auto still cognize how much distance to go till it fetches the following direction? One method can be mensurating the distances, by cognizing the current velocity of the auto and the clip the auto travelled at that velocity and merely ciphering the distance it travelled by the speed-distance expression. In this instance the waiter will pass on the distance that the auto should go before it farther asks for following instructions from it. Puting it all together So before we start discoursing our Automatic Car Navigation System, allow s see what the basic thought truly is. The Car tells the waiter ( via a transceiver ) where it presently is and where it wants to travel. The waiter calculates the shortest possible way and saves it in memory. The waiter so sends instructions to auto and hence helps it to voyage The auto moves the instructed distance and so seeks for following direction from the waiter. This is continued till the auto reaches its finish. We would be utilizing 8051 microcontroller in both Car and Server. What are the constituents of Our system? The chief constituents of our system are- Car Waiter Map They are discussed in item in the undermentioned subdivisions. Car The auto is a 3 Wheeler design whose forward two tyres are connected with Stepper Motors and a rear tyre is connected at the centre. Diagrammatic representation of Car The ground why we are utilizing Stepper Motors is it will work out the job of mensurating distance. The auto would cover a distance of 2*Pi*radius ( equal to the perimeter of the tyre ) in a 360o rotary motion. If the hoofer angle of stepper motor is, say, 1o, so the auto covers a distance of ( 2*Pi ) /360o, which comes out to be equal to 0.0174 metres in a individual measure rotary motion ( presuming radius of the tyre to be 1 metre ) . Now, for illustration, the auto has to travel 20 metres, so, the figure of 1 degree rotary motions it would necessitate for the auto to cover that distance would be 20/0.0174, which comes out to be approximately 1176 rotary motions. Now let s hold a expression at elaborate construction of auto. Different Components of Car The auto communicates with the waiter via a Radio Frequency Transreceiver ( the 1 that is being used in this undertaking is of Sunrom company- RF TR433 ) . The operating frequence is 433 MHz and has a scope of 100 metres. The Microcontroller 8051 interacts with the transreceiver via interface IC ST1197. This IC has been used to simplify things because it automatically performs some basic maps such as cyclic redundancy cheque, etc. Waiter The waiter is the chief guiding constituent of our system. It is the waiter which calculates the shortest possible way and so steer the auto to make at that place. It consists of following constituents. Components of Server Map The Real-World Physical Map had to be digitalized in order that the waiter understands the locations and figures out a manner. The most simplest method was followed, the whole map was plotted on a grid in such a mode that the entire figure of grid squares that the map consumes is an built, the map merely consumed 15 grid squares and non 15.2 or 15.3, that is a whole figure. Each square Grid represents two co-ordinates ; thereby an array was created in the package which has same figure of indices as that of Grid Squares. The Square Grids over which the motion of that auto is possible have been assigned a corresponding value of 1 in the array ; others have been assigned a value 0 in the array. This was how the map has been digitalized. The undermentioned Figure gives an illustration: The transition of a Physical Map to a Digital Map Array How make the Car and Server Communicate with each other? The communicating between the auto and the waiter is carried on by following some peculiar Protocols. The Protocols are briefly divided into two types- the 1s followed by the auto and the 1s followed by the waiter. The first message that the auto sends to the waiter is chiefly a 6 byte message. This 6 byte message tells the waiter where is the auto standing, where does the auto wants to travel and it s orientation with regard to absolute. The diagram in the following page describes what does each byte represent in their several order. The Data Bytes sent by auto in the first message to the waiter. The orientation of the auto is with regard to the map. For the interest of simpleness the orientation of the auto has been divided into merely four waies merely. The Diagram on the right explains how the orientation byte is assigned a value with regard to the absolute ( 0,0 ) co-ordinate of the map. Orientation System of the Car After the first transmittal, the Server calculates the shortest way to the finish and saves it in its memory. It so sends distances to the auto following the protocol given in the diagram on the following page ( a ) . The auto performs the map as directed by Byte 2 and so sends a message to the map utilizing the undermentioned protocol given in the following page ( B ) . ( a ) . Protocol followed by the waiter ( B ) Protocol followed by the auto during 2nd transmittal The distances are sent in whole number value ( whole Numberss ) for the interest of simpleness. If the value is 100 it represents a left bend ( with regard to the auto s orientation ) , if the value is 200 it represents a right bend ( with regard to the auto s orientation ) ; the staying values represent distances. Example Assume the auto is standing at a location ( 11,0 ) on the physical map and it intends to make its finish which is located at ( 14,8 ) . The auto is presently in a way of negative Y axis ( with regard to the 0,0 co-ordinates of the physical map ) ; Hence the orientation of the auto has a value of 0. The auto would direct the undermentioned message to the waiter: 256/11/00/14/08/00 Byte 1: 256 ( particular codification ) Byte 2: 11 ( ten co-ordinate of auto ) Byte 3: 00 ( y co-ordinate of auto ) Byte 4: 14 ( ten co-ordinate of auto ) Byte 5: 08 ( y co-ordinate of auto ) Byte 6: 00 ( orientation of auto ) The waiter will have the information, calculate the shortest possible way and so convey 1 direction at a clip. The instructions to be transmitted one by one would be in following mode: First Transmission: 6/2 ( Entire figure of instructions left excepting this one is 6 ; Move a distance of 2 unit squares ) Second Transmission: 5/200 ( Number of instructions left are 5 ; Turn to your right ) Third Transmission: 4/1 ( Number of instructions left are 4 ; Move a distance of 1 unit square ) Fourth Transmission: 3/100 ( Number of instructions left are 3 ; Turn to your left ) Fifth Transmission: 2/4 ( Number of instructions left are 2 ; Move a distance of 2 unit squares ) Sixth Transmission: 1/100 ( Number of instructions left are 1 ; Turn to your left ) Seventh Transmission: 0/5 ( Number of instructions left are 0 ; Move a distance of 5 unit squares ) To every transmittal of the waiter the auto will convey 2 bytes. First being the entire figure of instructions left ( the same value as it received from the waiter ) and 2nd being a verification byte holding a value of 1. Merits No excess investing on hardware required: We already have so many nomadic towers installed and we can utilize them for pilotage, the nomadic companies can supply the function information. Simple, Reliable and Accurate: This is a more accurate solution as the auto merely contacts a local waiter so it is highly accurate. The auto is relieved: The biggest demerit of other techniques is the auto has to calculate out everything, the way to the finish, hit sensings, etc. etc. In Our method the auto merely follows the instructions that comes from a dependable waiter and hence it is free to make other services like hit sensing, etc. etc. Imagine the Possiblities Imagine a clip where we merely plug in our nomadic phones and the auto connects to the nearest nomadic waiter and drives itself to the finish. What will my Term Paper focal point upon? I will be concentrating upon the pilotage system- The waiter, how it will cipher the shortest way, the communicating between auto and the waiters, the pilotage of auto. The undertaking will dwell of a simple auto, a waiter and a little map as a paradigm for presentation. I will howoever non working upon hit sensings and the traffic flux of the system. Since it would merely be a paradigm at that place would merely be a individual auto, and straight roads with 90 grade bends, so there is no demand of advanced hit sensing techniques.

Oppression of the Natives by the Ruling Elite in Latin Ameri essays

Oppression of the Natives by the Ruling Elite in Latin Ameri essays The Clorinda Matto de Turner novel Birds Without a Nest exposes the theme of absolute rule by elites in local communities in late colonial Latin America. These authority figures, as expressed by Turner, tell the reader in these parts of the world, the victims that escape the hands of the priest fall into the power of the authorities and ...if we fix our eyes on the Indians, the heart grows desperate before the oppression which they endure from the priest and the caciques (128). This theme is one that is recurring in Latin America in the late colonial periods. In Turners novel, the four local authorities; the Priest, Sub-Prefect, Judge and the Governor control the town of Killac; all oppress the native Indians in order to maintain a lifestyle that they are accustomed too. In the following paper, I would like to analyze how local authorities manipulate society in order to benefit themselves, through techniques such as debt peonage, demoralizing the natives, and controlling the local la ws. Early in the novel, the audience finds out about priestly corruption and suppression of Native Indians. This is evident when Father Pascual imposes an embargo on the Yupanqui family crops due to a loan provided to cover a burial of Marcelas mother-in-law. This results with a collector pursuing Juan Yupanqui, a native Indian, to pay a ten-dollar loan, which with the five hundred percent interest, grew into a one hundred twenty-dollar debt. Such distributions in advance (10) represent one of the ways the local caciques try to force the native peoples to pay their labor. However, due to the high interest, the debt is almost impossible to eliminate. This forces the natives to provide some sort of payment to the lender for indefinite periods of time. Treatment such as this toward natives was quite common throughout Latin America in the late Colonial Period since there were no local banks established and local priests and...

Buffer Definition - Chemistry and Biology

Buffer Definition - Chemistry and Biology A buffer is a  solution containing either a weak acid and its salt or a weak base and its salt, which is resistant to changes in pH. In other words, a buffer is an aqueous solution of either a weak acid and its conjugate base or a weak base and its conjugate acid. A buffer may also be called a pH buffer, hydrogen ion buffer, or buffer solution. Buffers are used to maintain a stable pH in a solution, as they can neutralize small quantities of additional acid of base. For a given buffer solution, there is a working pH range and a set amount of acid or base that can be neutralized before the pH will change.  The amount of acid or base that can be added to a buffer before changing its pH is called its buffer capacity.   The Henderson-Hasselbalch equation may be used to gauge the approximate pH of a buffer.  In order to use the equation, the initial concentration or stoichiometric concentration is entered instead of the equilibrium concentration. The general form of a buffer chemical reaction is: HA â‡Å' H   A− Examples of Buffers blood - contains a bicarbonate buffer systemTRIS bufferphosphate buffer As stated, buffers are useful over specific pH ranges. For example, here is the pH range of common buffering agents: Buffer pKa pH range citric acid 3.13., 4.76, 6.40 2.1 to 7.4 acetic acid 4.8 3.8 to 5.8 KH2PO4 7.2 6.2 to 8.2 borate 9.24 8.25 to 10.25 CHES 9.3 8.3 to 10.3 When a buffer solution is prepared, the pH of the solution is adjusted to get it within the correct effective range. Typically a strong acid, such as hydrochloric acid (HCl) is added to lower the pH of acidic buffers. A strong base, such as sodium hydroxide solution (NaOH), is added to raise the pH of alkaline buffers. How Buffers Work In order to understand how a buffer works, consider the example of a buffer solution made by dissolving sodium acetate into acetic acid. Acetic acid is (as you can tell from the name) an acid: CH3COOH, while the sodium acetate dissociates in solution to yield the conjugate base, acetate ions of CH3COO-. The equation for the reaction is: CH3COOH(aq) OH-(aq) ⇆ CH3COO-(aq) H2O(aq) If a strong acid is added to this solution, the acetate ion neutralizes it: CH3COO-(aq) H(aq) ⇆ CH3COOH(aq) This shifts the equilibrium of the initial buffer reaction, keeping the pH stable. A strong base, on the other hand, would react with the acetic acid. Universal Buffers Most buffers work over a relative narrow pH range. An exception is citric acid because it has three pKa values. When a compound has multiple pKa values, a larger pH range becomes available for a buffer. Its also possible to combine buffers, providing their pKa values are close (differing by 2 or less), and adjusting the pH with strong base or acid to reach the required range. For example, McIvaines buffer is prepared by combining mixtures of Na2PO4 and citric acid. Depending on the ratio between the compounds, the buffer may be effective from pH 3.0 to 8.0. A mixture of citric acid, boric acid, monopotassium phosphate, and diethyl barbituic acid can cover the pH range from 2.6 to 12! Buffer Key Takeaways A buffer is an aqueous solution used to keep the pH of a solution nearly constant.A buffer consists of a weak acid and its conjugate base or a weak base and its conjugate acid.Buffer capacity is the amount of acid or base that can be added before the pH of a buffer changes.An example of a buffer solution is bicarbonate in blood, which maintains the bodys internal pH. Sources Butler, J. N. (1964).  Ionic Equilibrium: A Mathematical Approach. Addison-Wesley. p.  151.Carmody, Walter R. (1961). Easily prepared wide range buffer series. J. Chem. Educ. 38 (11): 559–560. doi:10.1021/ed038p559Hulanicki, A. (1987). Reactions of acids and bases in analytical chemistry. Translated by Masson, Mary R. Horwood. ISBN 0-85312-330-6.Mendham, J.; Denny, R. C.; Barnes, J. D.; Thomas, M. (2000). Appendix 5. Vogels Textbook of Quantitative Chemical Analysis (5th ed.). Harlow: Pearson Education. ISBN 0-582-22628-7.Scorpio, R. (2000). Fundamentals of Acids, Bases, Buffers Their Application to Biochemical Systems. ISBN 0-7872-7374-0.

Career Plan Essay Example | Topics and Well Written Essays - 2000 words

Career Plan - Essay Example The third stage involves a decision making process, where an individual has to choose a particular career specialization from a variety of options. Lastly, an individual needs to formulate an action plan and ensure that they execute the provision of the plan in consideration of the stipulated period (Perry, Nancy, & Zark, p. 22). The career enables individuals to ensure the creation of an effective financial management system for companies through the provision of consultation services. It also enables individuals to acquire entrepreneurial skills that enable them to become job creators rather than job seekers. A career in accounting involves the collection, processing, and presentation of financial information. This occurs through the preparation of accounting reports that aid the management of an organization, as well as the stakeholders in decision-making. The career involves the ability to carry out an independent audit on the financial statements of a particular organization to determine their true and fair view. It also involves the ability to perform taxation computations for different organizations for purposes of tax advice and filling of tax returns. This paper gives a career plan for a successful career in the accounting field. It gives the analysis of the strengths and weaknesses that determines the level of career success. It also analyzes the formulated goals and objectives and the process that ensures their accomplishment. This paper also gives a projection of an ideal state in five years’ time. This shows the focus and objectives put in place for the achievement of a successful career. It also gives a projection of the most likely state in five years’ time. It is evident that most individual do not achieve their plan due to several factors that becomes the reality of the matter. Lastly, there is the formulation of an action plan that gives the necessary steps that could minimize the difference between the gap of the

Social science research methods and ethics Essay

Social science research methods and ethics - Essay Example Social research methods are important to give a valid reason for any particular condition or issue. It helps in understanding the cause and consequences of particular situation which further is utilized to develop policies, guidelines and improvement of human life and living conditions. Researches are done for vast reasons and various ways. Social research of any kind is obviously a complex activity. It is carried out within a variety of cultural, legal, economic, and political environments which are bound to influence the research, its scope and its focus.1 This is a person who conducts research. The research can be a group activity or an individual activity depending upon the requirement and resources allocated for the research. In both the cases there are ethical issues involved at various levels. This group is the respondent group who is an important part of the research. The interest and protection of this group is one of the prime concerns area if there are any suspect of being harmed due to the result. The research process starts with selection of an appropriate topic for the research. The research topic should be such that it contributes to the area of work. The problem is defined. The literature on the similar work or related work is reviewed and the findings of literature reviews are considered to formulate hypothesis. Once the hypothesis is formulated the appropriate research method is chosen. The research method chosen should be good enough to cover the hypothesis and topic of research. Data collection is the next step. This is a tedious process and very much depended on the responded and ability of researcher or interviewer. The collected data is compiled and analyzed for the logical results. The results are compiled in the report format and shared with others. There are six types of research methods i.e surveys, participant observations, secondary analysis, documents, unobtrusive measures and experiments. Each of these

Las Vegas, NV Essay Example | Topics and Well Written Essays - 1500 words

Las Vegas, NV - Essay Example This essay describes the Las Vegas city. The researcher analyzes the city from various perspectives and states that as a destination, it is renowned for quality dining, shopping, and gambling. The city is most known for its casino-hotels and the entertainment associated with them. The 2010 census put the city’s population at 478,434, making it the twenty eighth most populous cities, in the United States. During the same period, its metropolitan area had a population of 1,951,269. Las Vegas was established as a city in the year 1911, just six years after its establishment. Its tolerance for adult entertainment earned it the moniker Sin City, making it a popular setting for TV programs and films. Las Vegas refers to the city plus some regions found beyond the limits of the city. Some of these beyond limit areas include the Las Vegas strip, resorts near it, and the Las Vegas Valley. Las Vegas, as a travel destination, is not for everyone. It is certainly not a destination for chi ldren, despite efforts at marketing it to families some time back. The streets, littered with handouts advertising companionship for women, act as a killer for family time. The researcher also mentiones that the artificial environment may make some feel uncomfortable. However, the climate during spring and fall is perfect for a vacation. Falling hotel occupancy also makes a visit to Las Vegas cost-effective. However, the researcher concluds that the gambling may cancel out that advantage, and as such one must be careful to spend wisely.

Sustainability of shellfish stocks in the Irish Sea Essay

Sustainability of shellfish stocks in the Irish Sea - Essay Example The seminar presentation seeks to find ways that could help sustain the population of fish stocks in the Irish Sea. In order to achieve this, the organisms must be organized into different breeding groups, migration patterns; productivity, genetics and habitats must be first explored and understood. The shellfish were organized into a population structure whereby a population is a group of organisms of one species which can freely interbreed and live in the same place at a time (Atkinson, 2000)2. Populations can be further divided into sub-populations where interbreeding is restricted and the organisms accumulate genetic differences and may locally adapt to the environment. Another way of organizing the shellfish is by the use of the stock concept. This involves division into stocks for easier management. However, this may not accurately reflect genetic sub-division because in subdivision and productivity concept, each sub-population contributes absolute productivity to the total population which may vary depending on environmental conditions. While extirpation of subpopulations decreases, total productivity may increase vulnerability to environmental change and decrease genetic diversity. In considering subdivision and gene flow, the reduction in size or density of subpopulations may reduce migration between subpopulations and increases genetic drift or may increase migration into some subpopulations. Migration of locally harvested stock contribute to breeding populations over a much wider geographical area, for example, salmon and trout harvested in the ocean contain migrants from many different freshwater streams which are genetically isolated subpopulations and locally adapted to breeding streams (Nielsen, 1994)3. The methodologies used include the migration of larvae or adults between subpopulations, DNA extraction of haemolymph or muscle, DNA analysis through gene sequencing and screen for microsatellite markers used to measure genetic diversity. Another

Explain a Marketing concept for MKGT 3000 Essay Example | Topics and Well Written Essays - 500 words - 1

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Sustainability of shellfish stocks in the Irish Sea Essay

Sustainability of shellfish stocks in the Irish Sea - Essay Example The seminar presentation seeks to find ways that could help sustain the population of fish stocks in the Irish Sea. In order to achieve this, the organisms must be organized into different breeding groups, migration patterns; productivity, genetics and habitats must be first explored and understood. The shellfish were organized into a population structure whereby a population is a group of organisms of one species which can freely interbreed and live in the same place at a time (Atkinson, 2000)2. Populations can be further divided into sub-populations where interbreeding is restricted and the organisms accumulate genetic differences and may locally adapt to the environment. Another way of organizing the shellfish is by the use of the stock concept. This involves division into stocks for easier management. However, this may not accurately reflect genetic sub-division because in subdivision and productivity concept, each sub-population contributes absolute productivity to the total population which may vary depending on environmental conditions. While extirpation of subpopulations decreases, total productivity may increase vulnerability to environmental change and decrease genetic diversity. In considering subdivision and gene flow, the reduction in size or density of subpopulations may reduce migration between subpopulations and increases genetic drift or may increase migration into some subpopulations. Migration of locally harvested stock contribute to breeding populations over a much wider geographical area, for example, salmon and trout harvested in the ocean contain migrants from many different freshwater streams which are genetically isolated subpopulations and locally adapted to breeding streams (Nielsen, 1994)3. The methodologies used include the migration of larvae or adults between subpopulations, DNA extraction of haemolymph or muscle, DNA analysis through gene sequencing and screen for microsatellite markers used to measure genetic diversity. Another

Globalization and Technology Essay Example | Topics and Well Written Essays - 750 words

Globalization and Technology - Essay Example When all things are considered, the relationship between globalization and technology is very strong. Technology supports globalization because of what it allows businesses and individuals to do now that they could not do before. As one author notes, there is "widespread agreement that information technology (defined to include telecommunications, computer hardware and software and access to the Internet) serves to promote globalization and that this influence is transmitted through a wide variety of different mechanisms" (James 507). When one considers the day-to-day effects of new technology, it is not difficult to understand this point. For example, before the Internet and email, international communication was by telephone or regular postal delivery. Before integrated software was developed, businesses had no way of efficiently working with one another across international lines. The pure speed at which businesses can operate together has been increased dramatically, making business markets more efficient. Economic globalization puts national economies into the same markets as o ther countries and, as the markets become more "interconnected," these national economies become "increasingly interdependent" (Lupel 156). Most people see globalization and this relationship between countries as a good thing. ... .[or] a group of software experts from Bulgaria can communicate about technical matters with their counterparts in the United States and understand them perfectly well...it is a miracle [that] does not even begin to describe how fast we have advanced and how far we have come in terms of technology and globalization" (Samli 2). For sure, these abilities have been made possible by new technologies, and the advance of technology still to come will only increase this concept. Some people do not think that technology has driven globalization, but that it has followed it. In other words, it isn't because of technology that we have globalization; it is because of globalization that we use the technology. One author says it like this: "...in spite of the enthusiasm for science that accompanied each wave of globalization, as a historical rule it was primarily commerce and finance that drove globalization, not science or technology" (Pettis 52). I don't think that this position makes that much difference in how the two things work together. Whether technology causes globalization or globalization makes technology improve is not that important; the point is that technology is a very important part of globalization and plays a strong role in supporting its growth and efficiency. The relationship between globalization and technology is very strong. Technology supports the process because it helps individuals, companies, and entire national economies work together to become more efficient. There is also a social aspect because different cultures are being exposed to one another, which promotes more business and understanding. Whether the technology comes in the form of telecommunication, new computer software, or just an Internet chat room, the world is

The Legal System and ADR Analysis Essay Example for Free

The Legal System and ADR Analysis Essay Alternative Dispute Resolution (ADR) refers to any means of settling disputes outside of the courtroom. ADR typically includes early neutral evaluation, negotiation, conciliation, mediation, and arbitration. As burgeoning court queues, rising costs of litigation, and time delays continue to plague litigants, more states have begun experimenting with ADR programs. Some of these programs are voluntary; others are mandatory. While the two most common forms of ADR are arbitration and mediation, negotiation is almost always attempted first to resolve a dispute. It is the preeminent mode of dispute resolution. Negotiation allows the parties to meet in order to settle a dispute. The main advantage of this form of dispute settlement is that it allows the parties themselves to control the process and the solution. Mediation is also an informal alternative to litigation. Mediators are individuals trained in negotiations, who bring opposing parties together and attempt to work out a settlement or agreement that both parties accept or reject. Mediation is used for a wide gamut of case-types ranging from juvenile felonies to federal government negotiations with Native American Indian tribes. Mediation has also become a significant method for resolving disputes between investors and their stock brokers. Arbitration is a simplified version of a trial involving limited discovery and simplified rules of evidence. The arbitration is headed and decided by an arbitral panel. To comprise a panel, either both sides agree on one arbitrator, or each side selects one arbitrator and the two arbitrators elect the third. Arbitration hearings usually last between a few days to a  week, and the panel only meets for a few hours per day. The panel then deliberates and issues a written decision, or arbitral award. Opinions are not public record. Arbitration has long been used in labor, construction, and securities regulation, but is now gaining popularity in other business disputes. Title 9 of the U.S. Code establishes federal law supporting arbitration. It is based on Congresss plenary power over interstate commerce. Where Title 9 applies, its terms prevail over state law. There are, however, numerous state laws on ADR. Forty-nine states have adopted the 1956 version of the Uniform Arbitration Act as state law. The act was revised in 2000 and subsequently adopted by twelve states. The arbitration agreement and award is now enforceable under both state and federal law. In 1958, the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards was drafted to aid in the enforcement in domestic courts of awards granted in foreign countries. As of August 2007, there were 142 countries participating in the convention. In 1970, the United States joined the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards. Reference Robbins, S. P. Judge, T. A. (2011). Organizational behavior (14th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.

The Company Magners Cider Marketing Essay

The Company Magners Cider Marketing Essay Global logics can be explained as a process to determine globalisation with successive dimensions, each taken separately, and interpreted for telling patterns. The existence of global logics means that the company recognizes the need to find a appropriate response to address concern regarding globalisation. The nonattendance of global logics specifies that issues of globalisation are not correctly addressed. The understanding of these logics has been helpful to reduce the complexity to globalise a company(Jeannet n.d.). Magners cider has always fostered the mechanism of making the right product available to the people at the right place. In France people are inclined to drink for pleasure and less inclined to binge out, the French people consume slightly more alcohol than their neighbours Britain (also biggest consumers of magners cider), this is due to the fact that French like to have drinks during meals, and most French men do not find it smart to get drunk. 4/5th of the magners consumers under the age of 24 like to drink in the bar, only a tenth of customers choose magners over bar. It is also a fact that men are most likely to consume cider than women. Nevertheless, female would prefer to have cider in a garden or a part, cider is not considered as a drink they would have with food (Just-drinks 2010). Magners has catered the global customer needs and advantages of its products considering the segmental and geographical differences. The primary quality of the product is that its natural drink ma de from apples. This is great competitive benefit with a world full of food additives. Also the death rate in france is high these days, so people are considering switching to healthier drink options which can prove to be very advantageous for magners. Also cider has fewer calories than beer, which will make it appealing to health conscious people especially women(Keynote 2009). Thats why the company will make sure that Magners cider is shown with apples and served on ice in each advertisement. Magners will strengthen cider by showing it as a mixture of seventeen different types of apples. In short, the company wants to show the product as a traditional company with a great experience that manufactures a distinctive natural product. It is very essential to have an intense promotional campaign, because it is very difficult to maintain such promotion activities for a long time, so it is essential to have two levels of communication: Intense Communication during the launch phase to increase brand awareness Long term communication to have a presence in peoples mind (Appendix 2). 3.2 Global Competitor Logic When competition creates a compelling debate to practise globalisation, global competitor logic comes into play. In a few industries a company faces different set of competitors in different markets, point towards low competitor logic; same is the case of magners in france. The customary cider distilled in France was once not so popular because of negative image and declining sales, but it is essential to give emphasis to space for growth in the sector especially in the over the ice cider which magners is famous for; to support this declaration French brewer which was experiencing rapid decline in the beer market for 25 years has decided to enter cider market with its Apple frost drink and aiming to sell 25,000 bushels in its initial year of launch, this will be the main competitor in the over the ice cider market (Perkins n.d.). Also MDD (Marque de Distributeur) has largest cider market share of 41.5%, LoÃÆ' ¯c Raison has 22.5% and Ecusson and Autres has 10% each(Keynote 2010). 3.3 Global Regulatory Logic Alcohol consumption patterns and drinks preferences vary from country to country. All countries have different laws regarding consumption and minimum required for it. It can be said that global regulatory logic is high, because regulations differ from country to country and France has been very strict about its amendment. In France alcohol kills about 45,000 people and costs 17.6 thousand millions à ¢Ã¢â‚¬Å¡Ã‚ ¬ each year. In 2005, the parliament of France amended a law on alcohol advertisement called the Evin law, which was the result of consensus between public health specialists and consensus wine firm owner (Keynote 2011). This law allows using objective characteristics during promotion but bans any form of qualitative arguments. The manufacturers of wine will be able to use facts such as geographical area, explanation about colour and taste (Bremer n.d.) (Perkins n.d.). The deficiency of social problems in France due to alcohol is because drinking is very expensive in bars, so young people usually purchase very less from bars and then move to home. France has no intention to follow the path of its neighbour Britain when binge drinking is involved. Authorities have the power to strip the bar from its license, and people are advise carry DIY breath testing kits to verify themselves before driving. Alcopop (beverages including distilled alcohol) was heavily criticised and government taxed them out disagreement (EPHA 2007)(Hennessey Jeannet n.d.). 3.4 Global Information Logic Information acquirement by customers is very important factor for global marketing strategies, its a way how consumers scrutinize the environment, the different types of media they are exposed to and how much they are willing to travel to acquire certain information. Magners has always relied heavily on TV advertising, but in France there are legal consequences of promoting alcohol on television and is strictly forbidden. But magners has always invested heavily on marketing and advertising and will use other forms of effective advertising. Magners will focus on radio advertising, and other forms of outdoor advertising such billboards and bus stop advertisements. One should keep in mind alcohol promotion in France must transmit a moderate message(Bremer n.d.). These types of promotion are best way to highlight orchards orange through seasoned affected life style. Magners has a difficult task of overcoming cynical and hesitant audiences to communicate the right message of brand. Past p romotional campaigns have seen magners create outdoor implementations to influence natural apple proposition. Advertising has been central part of magners entry in the international market. Global information logic here is strong as magners as always relied on TV, radio, press, advert boards in all of the countries it operates (except TV in France)(Martin 2007). Marketing Strategies Target Group Primary target Group: Magners cider primary target group would be young singles aged between 18-34. They can be either male or female as its appealing to both. Secondary target group: All the people allowed consuming alcohol. Cider is a drink for all ages in England. This expression was also to be created in French market Our secondary target group are basically all the people, who are allowed to drink alcohol. Cider is a drink which is consumed by people of all ages in Great Britain. This image is meant to be created in the French market as well. Magners cider aims to sell the product all over France. But at an initial stage, the company would like to test the product in big cities like Rennes, Paris, Bordeaux, Lyon, Nizza and Grenoble. Also Magners is supporting English rugby teams, so magners want to do the same by selling cider in French rugby cities like Auvergne, Toulouse, Perpignan and Montpellier (Appendix 1). This report has scrutinized the global logics applicable for Magners Cider when entering the French market, it come across French market and people perceptions about the product. It can be said that clear magners cider has no real competition in France as there are no direct competitors for direct competition for over-ice bottled cider. It is important to note that attitude towards drinks is different in France, but still it has an image of being a traditional, old-fashioned drink which young consumers dont like to drink, however consumers have different perceptions for new drinks like ice cider. It is important to note that alcohol advertising is prohibited in France, and there are strict rules on these type of advertising, nevertheless magners will look into the past promotional strategies to overcome such barrier and catch the attention of the French people, relying on heavy advertising budget of outdoor advertising etc. Entering French cider market is a good decision as magners b rand image will help it to overcome its competitors (direct indirect) very easily.

Geothermal Energy Essay -- Power Fuel Renewable Resource Global Warmin

Geothermal Energy: The Answer to the Energy Problem? Abstract: The global community is currently searching for new sources of energy that are not detrimental to the environment, that are cost effective, and that will be able to provide for the current and future demand for energy. Geothermal energy is one of the promising alternatives to fossil fuels because it releases no toxic or greenhouse gas emissions, its current cost is decreasing yearly, and it is a continuous source of energy. It is a clean and efficient energy source that has the capabilities to provide for a majority of the power used in the residential, commercial, industrial, and electric power sectors. This paper will examine the current and most efficient methods of mass producing geothermal energy, its cost effectiveness, environmental impact of production, the amount of power it can produce, and will determine if geothermal energy could be the answer to the world’s energy problem Introduction: The United States is faced with a major problem: finding new energy s ources that would not release pollutants released in the atmosphere. The search has been fruitful, with great development in solar, and wind technologies, but they remain much too expensive to mass produce and both have sporadic productions of energy due to a heavy reliance on the weather. Yet this search has also resulted in the growth and success of geothermal energy, which provides a continuous stream of heat energy from within the Earth. The geothermal field is quickly growing, making this renewable energy source a competitor amongst fossil fuels and a great hope for the future. Background: Geothermal energy is heat from within the Earth. This heat energy is either steam or hot water that collects ... ...hermal Power Production Jan 16 2008, Mark A. Taylor http://www.geoenergy.org/publications/reports/Geothermal_Production_and_Development_Update_January_16_2008.html -The State of Geothermal Subsurface Technology Part1, November 2007, Mark A. Taylor -http://www.geo-energy.org/aboutGE/basics.asp -US Department of Energy: Geothermal Power Plants http://www1.eere.energy.gov/geothermal/powerplants.html -Energy Information Association http://www.eia.doe.gov/kids/energyfacts/sources/grothermal.html -US energy consumption Data tables http://www.eia.doe.gov/cneaf/solar.renwables/page/rea_data/rea.pdf -Geothermal Power- Energy America -http://www.energyamericaini.com/index.php/geo_power/ -National Geothermal Collaborative -Common Questions about Geothermal Energy http://www.geocollaborative.org/publications/common_questions_About_Geothermal_energy.pdf

Features of the Indian Economy

UNIT 17 FEATURES OF THE INDIAN ECONOMY Structure 1 7. 0 Objectives 17. 1 Introduction 17. 2 Features of the Indian Economy 17. 3 Growth and Development 1 7. 4 Mixed Economy 1 7. 5 Demographic Transition 1 7. 6 Sectoral Composition of GDP 1 7. 7 Employment Structure 1 7. 8 Inter-Governmental Fiscal Relations 17. 9 Let Us Sum Up 17. 10 Key Words 1 7. 1 1 Answers to Check Your Progress Exercises – – 17. 0 OBJECTIVES After going through this unit, you will be able to: identify the important features of the Indian economy; distinguish between economic growth and economic development; explain the pattern of demographic transition in India; xplain the sectoral composition of the Indian economy; and explain the pattern of employment in India. 17. 1 INTRODUCTION Let us begin with the word ‘economy'. It denotes the operations and management of the economic system – the activities related to production of goads and services, consumption, investment, exchange of g d an d services within the geogmphical territory, and exports and imports with rest of the world. You may have observed that production of goods and services requires inputs such as labour, capital (machineries, buildings, etc. ) and raw materials. The inputs are available in limited quantity, i. e. , there is a shortage of inputs. When these inputs are used in the production process, they need to be paid some reward. For example, if you want to employ a unit of labour you have to pay some wage to himher. Similarly, building can be hired by paying some rent or money can be borrowed by paying some interest. Ultimately utilization of inputs involves some costs. Thus the objective before the economy is to utilize the scarce resources efficiently so that production of goods and services is maximized and cost is minimized. Economic Development Now let us try to explain the structure of the Indian economy. The word structure, as you know, implies the way in which something is organised or put together. Thus we should look into the way the Indian economy is organised. AmrdinglyY we will find out the major segments or sectors of the Indian economy and the manner in which'these sectors interact with one another. In order to keep our discussion brief we will focus on the developments in the Indian economy dukg the post-independence period, particularly the period since five-year plans started in India. To begin with, we find out the important features of the Indian economy. 17. 2 FEATURES OF THE INDLAN ECONOMY At the time of Independence the Indian economy was stagnant and highly underdeveloped. Agriculture was the backbone of the economy but agricultural activities were undertaken through obsolete technology. Industrial sector c o n t r i i very little to gross domestic product (GDP). In order to give a direction to the economy the government initiated economic panning in the form of Five Year Plans in. 195 1. Over the years the economy has witnessed increase in GDP, the composition qf GDP has changed, standard of living of people has improved, and there has been ypgradation in level of technology. The important features of the Indian economy are as follows : 1) The Indian economy is a developing economy. It has not yet reached the level of economic development seen in America and Europe. – 2) The 1ndid economy is a mixed economy in the sense that both private sector and public sector coexist and participate in the production process. 3) It is c-zed by high population density and population growth. ) About one-third of the population live below poverty line. ‘Vicious cycle of poverty' operates in many sectors of the economy. 5) There is high level of unemployment and underanployment In addition, there is ‘disguised unemployment' in the agricultural sector. 6) The level of technology used in production process is low in many sectors. Modern technology has not been adopted in all sectors ofthe economy. 7) ~ h aise a shortage ofphysical and economic inhstmcture. ~ransporhti&(nm ak, railways, airlines), power (electricity, gas), and communication (telephone, Internet) have not reached all parts of the country. Even some parts of the country ‘ do not have provisions for schools, colleges, hospitals, and safe drinking-water supply- Let us discuss some of the above issues in detail. 17. 3 GROWTH AND DEVELOPMENT Economic development is a broader term than economic growth Economic growth usually means the growth in production of an economy. On the other hand, economic development includes other fsctors such as litemcyy health, child mortality rate, equality, regional balance, infbtmchrre, etc. Country GDP Per Capita GDP Per Capita (PPP US$) (annual growth rate) 1999 (1 990-99) United States 3 1,872 2. 0 United Kingdom 22,093 2. 1 France 22,897 1. 1 Mexico – 8,297 1. 0 l3mil 7,037 1. 5 China 3,617 9. 5 * India 2,242 4. 1 – — – Bangladesh 1,483 3. 1 Sri Lanka 3,279 4. 0 Nigeria 853 -0. 5 Tanzania 501 -0. 1 * The difference between economic growth and economic development is a subtle Features of the one. Let us take the example of a child. As a child grows her weight and height increases. Simultaneously, her capacity to leam, recognize and distinguish between objects develops. Thus growth is not sufficient; we need development also. Similarly, in the case of the Indian economy economic growth is not enough; we need economic development. We need better health of people, education for all, reduction in inequality among sections of people and regions, reduction in infant mortality rate (IMR), access to drinking water for all, etc. The government has to devise policies and allocate government expenditure so that these facilities are available to all. Thus the additional income generated in the economy reaches the backward regions and the poorer sections of society. To achieve economic development we need economic growth. In a stagnant economy, where there is no economic growth, realization of economic development is dificult. Table 17. 1 India in the World Ecaoomy – – – – Source: . World Development Report Measurement of the level of economic development is dificult, because it does not depend upon a single factor. There are a number of indicators of economic development. These indicators could be quite varied and too many. In Table 17. 1 we have given the per capita GDP along with annual growth rates of some of the economies. In order to make comparison possible we have given these figures in a comparable form (in purchasing power parity US$). You can see that Indian economy is not comparable to developed economies. The per capita GDP in India is much lower than in developed countries. However, it has a higher growth rate compared to others. Note that some of the countries have very low GDP per capita and have experienced decline in it over time (see, Nigeria and Tanzania, Economic Development Apart fiom low per capita income India is far below the developed economies in terms of development indicators. Some of these indicators are consumption of electricity, literacy rate, access to safe drinking water, empowerment of women, etc. United Nations Development Programme (UNDP) brings out a ‘human development index' by combining several indicators of development such as life expectancy, education, per capita income, and empowerment of women. According to Human Development Report 2001, India ranks 1 15 out of 162 countries in terms of human development index A positive feature of the Indian economy is that it is not stagnant; it is developing. It is one of the fastest growing economies in the world. There have been improvements in life expectancy, literacy, and availability of infrastructure. 17. 4 MIXED ECONOMY As mentioned earlier the Indian economy is a mixed economy where private sector and public sector coexist and contribute to the production process. Some of the activities such as law and order, justice and defence have to be performed by the government. However, the government enters directly into production of goods and services which the private sector can also produce. The extent to which the government should involve itself in the production activities is a controversial issue. During the decades of 1960s and 1 970s the Indian government produced whatever it could and intervened in the production decisions (what to prodae, where to produce, what technology to use) of the private sector through a rigorous licensing policy. We will discuss about the economic policy changes in India later in this block. Let us look into the reasons for undertaking production activities by the government. A producer in the private sector (usually motivated by higher profits) takes the risk of setting up an industry, purchases inputs, produces output and sells the output in the market for a price. Imagine a situation where a producer produces a commodity or service but cannot sell it for a price because consumers cannot be excluded fiom its consumption. You may have observed that in certain cases the benefit derived by you is in no way going to obstruct others from deriving its benefit. An example of the above could be the provision of streetlight by the local government. Thus, if your neighbour puts a light in h n t of her house, you enjoy the benefit that the front of your house also gets lighted; and you do not have to pay for it. In this case there is a market failure in the sense that your neighbour cannot charge you for the benefit you derive. Thus she does not have any incentive to put a bulb in front of her house. On similar logic you also do not put a bulb in h n t of your house, which requires street lighting by the government. Secondly, inbtructure such as road, ports, dams, etc. , require huge investment but the rate of return is very low in the short run. Thus no private entrepreneur would be interested in providing roads, which prompts the government to come forward. Thirdly, there are natural monopolies such as electricity generation, railways, etc. , where a single producer can serve the entire market. Fourthly, there are certain production activities which have so much social benefits that the govemment should produce these goods and services (e. g. , schools and colleges, hospitals, banks, etc. ). Fifthly, the government may enter into production activities to fblfil some other social objectives instead ifprofit motive. These objectives could be employment generatiorl, regional balrncc, and social i~plifot f the downtrodden. Thus there is a strong case for public sector production and Indian planners Year Share of Public Sector Share of Private Sector 1 960-61 9. 9 90. 1 1970-71 13. 7 86. 3 1980-8 1 19. 5 80. 5 1990-9 1 25. 1 74. 9 1998-99 25. 1 74. 1 recognized it fbm the very beginning. We observe the presence of public sector Features of the in construction, hotels and restaurants, transport and communication, railways, . Indian ~conomy banks and other services. Share of Public and Private Sector in GDP Let us look into the share of public sector in the GDP of M a (s ee Table 17. 2). In the financial year 1960-6 1 about 10 per cent of GDP originated fiom the public sector. In the Five Year Plans @e government expanded the role of the . government through more and [email  protected] investment in various activities. As a result,. the share of public sector in GDB increased to nearly 14 per cent in 1970-7 1, about 20 per cent in 1980-8 1 and 25 per cent in 1990-91. However, many restrictions on private sector have been removed during the decade of the 1990s. As a result, the private sector has increased rapidly and the share of public sector has remained around 25 per cent. Check Your Progress 1 Note: 3 Use the space given below for your answers. ni Check your answers with those given at the end of the Unit. 1) Bring out the important fbtures of the Indian economy. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2) Distinguish between growth and development. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5†¦. .. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Economic Development 3) What are the reasons for the gov ernment to enter into production activities? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 17. 5 DEMOGRAPHIC TRANSITION India accounts for 2. 4 per cent of the world surface area but it has 16. per cent of the world population. As per the 2001 census the population of India in 2001 was 102 crore. Thus India is the second country in the world to cross 1 billion mark, the first one being China. However, keeping in view the f act that China has a much lower population growth rate (1. 4 per cent per year) compared to India's 1. 93 per cent per year, India is likely to overtake China within a few decades. Change in the size of population takes place through three demographic events: birth, death and migration. In the Indian economy migration has played a negligible role in population growth. Thus population growth is largely due to higher birth rate than death rate. In an economy there is a pattern in which demographic transition takes place. Such transition can be divided into three stages. It has been observed that when the level of development is low in an economy both birth rate and death rate are high. As a result population growth rate is not that high. This is the first stage of demographic transition. When economic development takes place the economy moves on to the second stage – death rate declines due to availability of health facilities and medicines but birth rate continues to remain high. This is the stage when there is a wide gap between birth rate and death rate, and population increases sharply. With M e r economic development, the economy moves on to the third stage -both birth rate and death rate are low. Consequently, population growth rate is again low in the third stage. All the developed economies are in the third stage of demographic transition. Table 173 I Demographic Transition in India Year. Population Birth Rate Death Rate Population Life (in crore) (per 1000) (per 1000) Growth Rate Expectancy (% per annurn) (in years) 1950-51 36. 1 39. 9 27. 4 1. 5 32. 1 1960-61 43. 9 41. 7 22. 8 1 . % 41. 3 1970-71 54. 8 36. 9 14. 9 2. 20 45. 6 1980-81 68. 3 33. 9 12. 5 2. 22 50. 4 1990-91 84. 6 29. 5 9. 8 2. 14 58. 7 2000-01 102. 7 25. 8 8. 5 1. 93 62. 5 – – In the case of India during the pre-independence period both birth rate and death Features of the rate were quite high. As a result, population grew at a lower rate. As you can Indian Economy see fro m Table 17. 3 population growth rate during 1950-5 1 was only 1. 25 per cent per mum. However, population growth rate accelerated afterwards and 4 i reached a peak during 1980-81. A positive sign is that in the recent census the annual population growth rate has come down below 2 per cent. Some of the states such as Kerala, Tamilnadu and Punjab have reached a reasonably lower birth rate. However, in some of the major states such as Uttar Pradesh, Bihar, Rajasthan and Madhya Pradesh population growth rate is very high. Life expectancy indicates the number of years a newborn child is expected to . . swvive. It has increased from about 32 years in 1950-5 1 to more than 60 years at present. As a result, the percentage of the aged people in India has increased. On the other hand, a decline in birth rate has resulted in a decline in the percentage of children in the country. 4 17. 6 SECTORAL COMPOSITION OF GDP Let us look into the composition of GDP in India and the changes in it over h e . The composition of GDP in India has undergone substantial changes since 1950- 51. The share of agriculture has declined while that of industrial and service sectors has increased. Economic activities can be divided into three categories: primary activities, secondary activities and tertiary activities. Primary activities include i) agriculture, ii) fore and logging, and iii) fishing. Secondary activities include i) mining and quq& ii) d t u r i n g , iii) electricity, gas and water supply, and iv) construction Tertiary activities include i) trade, ii) hotels and restaurant, iii) transport (railways, road, air, waterways), iv) storage, v) communication, vi) banking and imurance, vii) real estate, and viii) public administration and defence. The tertiary activities are also called senrice activities. , Table 17. 4 Sectoral Composition of GDP Source: National Accounts Statistics of India Economic Development On the basis of Table 17. 4 we make the following observations: Agriculture and allied activities (p* sector) contributedmore than half of the GDP in 1950-5 1. The share of agriculture and allied activities has continuously declined over the years and contributed only 24. 2 per cent in the year 2000-01. Of this, agriculture contributed 22. 2 per cent while forestry and logging, and fishing contributed about 1 per cent each. The share of services sector has increased from 28 per cent in 1950-5 1 to 48. 5 per cent in 2000-01. For the year 2005-06 the share of services sector is estimated to be 54 per$ent of GDP. Thus services sector contributes more than half of the GDP at present. The share of secondary sector has increased fiom 14. 3 per cent in 1950-51 to 27. 3 per cent in 2000-01. Subsequently it declined to 26. 1 per cent in 2005-06. The decline in the share of the primary sector in GDP has taken place as the secondary and tertiary sectors have registered higher growth rate than the primary sector. In fact, the government has attempted to promote the secondary and tertiary sectors. If we look into the sectoral composition of GDP of the developed economies, we find that primary sector contributes less than 5 per cent of GDP. Most of the GDP comes fiom the service sector (about 70-80 per cent). So the developments in the Indian economy can be considered to be a positive aspect. A problem area, however, is the composition of employment, as we will see in the next Section. It is worth mentioning that of the 27. 3 per cent share in 2000-01 manufacturing sector contributes 17. 2 per cent to the GDP. The remaining 10. 1 per cent comes tiom mining and quarrying (2. per cent), electricity, gas and water supply (2. 5 per cent) and construction (5. 3 per cent). Remember that manufacturing, and electricity, gas and water supply constitute the industrial sector. In the industrial sector we have both private sector and public sector on the basis of ownership. Very often another distinction is made: organised sector and unorganized sector. In fact, as per the Industrial Act 1 95 1 all the industries employing more than 10 workers if production is through use of power (20 workers if production takes place without use ofpower) are ~lequiredto register with the RegisErar of Indu. These industrial units tidl under the category registered-sector or organized-sector. The remaining industrial units, mostly small scale, are termed unorganized sector. In the year 2000-01 the unorganized sector contributed 6 per cent to GDP compared to 1 1. 2 per cent by the organised sector. In the year 1950-5 1 both organized and unorganized sectors contributed almost equally to GDP at 4. 5 per cent each. Period National Per Capita Income Income First Five Year Plan (1 95 1-56) 3. 6 1. 8 Second Five Year Plan (1956-61) 4. 1 2. 0 Third Five Year Plan (1 96 1-66) 2. 5 0. 2 Fourth Five Year Plan (1969-74) 3. 1 . O Fifth Five Year Plan (1974-79) 5. 0 2. 7 Sixth Five Year Plan 1980-85) 5. 4 3. 2 , Seventh Five Year Plan (1985-90) 5. 8 3. 6 Eighth Five Year Plan (1 992-97) 6. 7 4. 6 Ninth Five Year Plan (1997-2002) 5. 4 3. 5 Features of the . Indian Eeonomy Table 175 Annual Growth Rntes (per cent per mum, 1993-94 prices) Source: Economic Survey 2001-02 From Table 17. 5 we observe that f or the period 1950-75 the average annual growth rate of national income was quite low (around 3. 5 per cent). On the other hand, during thi period 1975-2000 the average annual growth rate has been around 5. per cent. A similar trend is observed in the per capita income of India Per capita income is defined as national income divided by total population of the country. It is obtained by subtrachg population growth rate h m growth rate of national income. We should mention that before 1975 growth rate in national income was relatively lower while population growth rate was higher. As a result, per capita income increased at a very low rate (a little over 1 per cent per annum). On the other hand, after 1975 growth rate in national income was higher while population growth started slowing down. Consequently, per capita income increased at a relatively higher rate. During the period 1W-2002 per capita income h2ls i n d at around 4 per cent per mum. 17. 7 EMPLOYMENT STRUCTURE India being the second largest country in tern of population, it has a large labour – force (people who are able to and willing to work). In the year 1999-2000 there were 39. 7 crore employed workers in the country, which is about 40 per cent of the total population. The remaining 60 per cent population in the country are dependents. Thus for every worker there is 1. dependents. These dependents constitute children, aged and the unemployed. Because of high population growth rate the percentage of children in India is higher than in developed'countries. 13 Economic Devebpmnt Table 17. 6 Sectoral s om pod ti on of~rnployment Sector 1983 1993-94 1999-2000 Primary Sector Secondary Sector Service Sector . Total Total Employment (in crore) Agriculture has been the main source of employment in India. Dur ing the period 1950-70 it provided employment opportunity to more than two-third of the labour force. We mentioned earlier that the share of the primary sector (agriculture and allied activities) in GDP has declined over time in Indian economy. For the year 2000-01 primary sector contributed 24. 2 per cent of the GDP. Compare this with the employment share! In the year 1999-2000 nearly 60 per cent of the labour force were engaged in agriculture. We observe that the decline in GDP share of the primary sector is not accompanied by a corresponding decline in employment share. An implication is that workers employed in primary sector have a very low productivity than in secondary and tertiary sector. In the developed economies less than five per cent of the labour force is engaged in agriculture. It has been made possible by using modem technology and mechanization of agriculture. In some parts of India modem technology is employed in agriculture. However, a majority of farmers in India continue to we obsolete technology. A second implication is that there are too many people engaged in agriculture. In fiwt, agriculture has been a way of life for the households engaged in the agri- – activities. Very few children look for employment outside agriculture. And those who do not get employment anywhere else start working in the family owned land. As a result, often we see a feature termed ‘disguised unemployment' in Indian agriculture. It is a situation where a person is engaged llly in agriculture but his contribution is zero. It implies that if we take away the worlcer agricultural output will not decline. Suppose five pemons &working in a field and the output is 10 tomes of wheat. If we reduce the number of workers to four, then also output will remain the same. Thus the fifth worker worked in the field, but he is as good as unemployed, because his contribution is zero. It has been a policy of the government to shift the additional labour hxce in the ‘ agricultural sector to secondary and tertiary sectors. Recall that service sector contributes more than half of the GDP but provides employment to less than onefourth of the labour force. Thus the productivity of labour is higher in the service sector. 17. 8 INTER-GOVERNMENTAL FISCAL RELATIONS As you are aware India follows a democratic form of government, which is federal in nature. We have diffmt layem of govemment with specific powq and 14 Features of the Indian Economy esponsibilities defined by the Indian Constitution. Taking into account the amendments made so far the Constitution provides for three layers of government: Central, State and Local. In order to carry out its responsibilities the government at each level has been assigned powers to impose taxes on individuals and organizations based on criteria such as income, expenditure, production and certain economic transactions. The majo r source of revenue for the central government is income tax (on individuals and corporations), central excise, and custom duties (on imports of goods). On the other hand, there is a long list of taxes assigned to the states (including taxes on alcoholic beverages, agricultural income, and land) but the major source of tax revenue for the states is the sales tax. The tax base of the local governments is limited to local services and production. We have to keep certain things in mind while analyzing inter-govemmenth fiscal relations. One, there should be no fiscal overlapping so that the same tax should not be imposed by more than one layer of government. The Seventh Schedule of the Indian Constitution specifies the manner in which taxes are to be imposed by the central and state level govemments. Two, taxation power is assigned to a particular level of government keeping in view the geographical area oh which the impact of the tax is felt. Thus the tax categories assigned to the Centre are generally broad-based and their impact is felt beyond state boundaries. Three, the residual power with respect to taxation remains with the central government. While exercising such power the Centre introduced ‘service tax' during 1990s on the provision of specific services. Recall fiom Section 17. 7 of this unit that the share of s e ~ c essec tor in GDP is more than half and its share is increasing over the. Service tax is slated to be an important source of revenue in times to come. Four, imposition of taxes and hation of tax rates is a matter of political economy. In order to fbrther political interests governments have many times in the past waived taxes or excluded certain categories from taxation. A widely debated issue in this context is imposition of taxes on agricultural income, which is a state subject and state governments have invariably avoided taxation of rural rich. It has given rise to widespread tax evasion as individuals take advantage of the concession allowed to fanners and report non-agricultural income as agricultural income. Five, there is a mismatch between the tax base and the responsibilities assigned to different layers of govemments. The states have always complained about inadequate revenue compared to their expenditure. Similarly, there is shortage of funds at local government level compared to the expenditure they carry out. Six, tax base is unevenly distributed across states. For example, rich states have a relatively higher share of people who pay taxes. Similarly, relatively higher amount of excise duties is collected fiom industrially better off areas. In order to tackle the problems of inadequate tax revenue at the state level, the Centre transfers h d to the states. Apart from meeting the gap between revenue and expenditure the devolution of funds to subordinate layers of government has the effect of bringing in regional balance in economic development over time. There are three modes of transfer of h d s fiom the Centre to the states. First, the centre collects certain taxes (particularly, personal income tax and excise duties) and allocates a share of the tax proceeds to the states. In order to streamline such allocation the constitution provides for setting up of a Finance Commission every five years, which suggests criteria of such sharing between the ‘ Centre and the states on the one hand, and amongst different states on the other. So flir twelve Finance Commissions have been set up and each Finance commission Economic Development while suggesting such formulae have been poverty, backwardness, tax effort, fiscal discipline and population. The second mode of transfer of fhds h m the Centre to the states is the grants and loans extended to states for implementing development plans. As you know, while preparing the Five Year Plans the Centre sets targets and investments by different sectors of the economy. Against this backdrop the states prepare their annual plans which is approved by the Planning Commission. The states receive grants and loans h m the Centre which supplement the revenue generated at the state level. The Planning Commission allocates fhds to states as per formula devised by the National Development Council. For major states the ratio of grants to loan is 30:70. The third mode of transfer of h d s h m the Centre to the states is the grants given by central ministries to their counterparts in different states for specified projects. Such projects are wholly M e d by the Centre (under ‘central schemes') or the states are asked to contribute a proportion of the cost (in the case of 1 ‘centrally sponsored schemes'). The devolution of'fhds from the Centre to the states has been a matter of political economy. The allocation of funds across states, particularly by the Planning Commission and Central Ministries, is riddled with bargaining power of the state government, presence of pressure groups, and political interests rather than balanced economic growth. The grants extended to local bodies by the states is mostly discretionary and no set rule is formulated so far. The adoption of value added tax (VAT) by states in lieu of sales tax has opened up fhxh debates on tax base of the state governments. Check Your Progress 2 Note: i) Space given below for your answers. i) Check your answers with those given at the end of the unit. 1) Explain the three stages of demographic transition. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2) What are the changes. observed in the sectoral composition of GDP-in India? ‘ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 16 3) Explain the concept of disguised unemployment. Features of the IndinEconomy †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4) What are the modes of transfer of h d s h mth e Centre to the States? 5) State whether the followin g statements are true or false. a) Unorganised sector is also called registered sector. b) In developed economies primary sector contributes a large share in GDP. ) Productivity of labour is higher in the tertiary sector than in the primary sector. 17. 9 LET US SUM UP Indian economy is considered to be a developing economy. At the time of Independence the agricultural sector contributed about 50 per cent of the GDP. Over the years its share has decreased to about 22 per cent of GDP which means that the share of industrial and service sectors is increasing. This is a positive development. But agricultural sector employs about 60 per cent of the labour force and this percentage is not declining which is a matter of concern. India is the second largest in terms of population and it is still growing at a very high rate. About one-third of the population in the country are poor. There is considerable underemployment and unemployment in the economy also. The federal nature of government in India requires interaction among different layers of government according to set rules. It is also desirable to achieve consistency between revenue generation and government expenditure to carry out responsibilities at each layer of government. Keeping in view the shortage of funds at the state level the Centre provides grants and loans to the states. India has made radical changes in her economic policies since 1991. Economic libedzation has resulted in setting up of more industries and the level of technology has improved. The annual growth rate of GDP has increased to about 6 per cent ; during the liberalization period. Its export potential also has improved and India Economic Development has a strong fareign exchange reserve. We will discuss the changes in economic policy, popularly termed ‘economic reforms' in subsequent units. 17. 10 KEY WORDS Constant Prices Disguised Unemployment : Financial Year Gross Domestic Product : (GDP) National Income Per Capita Income Public Sector National income in money terms would increase because of two factors: i) increase in quantity produced, and ii) increase in price of commodities. In order to neutralize the effect of price increase national income is expressed in terms of prices of a particular year, called ‘base year'. When we say that GDP is given in terms of 1993-94 prices, GDP of all the years are adjusted for price changes so that growth in GDP is due to increase in quantity w. A person is considered to be disguisedly nemployed if hisher contribution to total output is zero. Even if we withdraw the worker from work, output will not decline. Let us take an example. For the year 2004, calendar year is from January 1 to December 3 1. On the other hand, financial year 2004-05 is h m April 1,2004 to March 3 1, 2005. It is the total amount of final goods and services produced within the geographical tenitory of the economy. It does no t include intermediate goods and service, i. e. , goods and services that are not consumed directly but used for M e r production. Moreover, it does not include second hand sales ecause it does not reflect production; rather it is a change of ownership of goods produced earlier. It is also called ‘net national product' (NNP). It is the total of final goods and services produced . by Indian nationals (both within the country and residing abroad) minus the amount of dqmiation during the production process. If we add the amount of depreciation to NNP we get GNP. Remember that GNP is different from GDP. In GDP of India we include final goods and sexvices produced within the geographical territory of India (both by Indian and foreign nationals). It is national income divided by total population of the country. , -ha. . It includes the economic activities undertaken by the government. Vicious Circle of Poverty : It reflects a flow of inter-related economic activities that keep an economy under-developed. According to Ragnar Nurkse underdeveloped economies have low rate of saving which gives rise to low rate of investment. Due to low rate of investment, low level technology is employed in production activities. Because of low level of technology, output produced is lower. Consequently, saving is low and the cycle