1952
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Surat E.P.Z.
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Garibi Hatao Remove poverty
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Growth and stability
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1969-74
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Growth and stability
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1969-74
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1961-66
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Industrial development
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Industrial development
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1956-61
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Agricultural Development
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1951-56
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Prime Minister
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The National Development Council
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Jawaharlal Nehru
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M. Visveswarayya.
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Poverty and un-British rule of India
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Closed Economy
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Free Economy
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Theory of Laissez Faire
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A wealth of Nations
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The developing countries in Asia, Africa and South America.
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The money given for a specific purpose; in insurance, fixed sum to be paid at the end of certain period is called endowment.
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Commodities whose consumption has become a habit of convention have in elastic demand. For example goods like cigarettes, pan etc. are consumed as a habit. In the case of such goods demand does not contract very much even if the price rises.
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This is a system in which government exercise extensive control.
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A forecast is a prediction or estimation of a future situation. Demand forecasting enables a firm to avoid overproduction or
underproduction. It is also helps the firm to determine the price policy, promotional policy etc.
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Advertisement elasticity also known as "Promotional elasticity measures the responsiveness of demand to changes in
advertising or other promotional expenses. Advertisement elasticity is always positive.
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Income elasticity of demand measures the rate of change in demand in response to a given rate of change in income.
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The rate at which demand changes when price changes is known as elasticity of demand.
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The operations research is a specialized approach to investigate into the partienlar problem of the firm. It ean be defined as the applieation of mathematical techniques in solving the business problem.
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It is used in dealing with managerial problems.
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Statistics, mathematics and operations research.
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The discounting principle is a concept developed from the opportunity cost concept. It is a common notion that the present value of money available after a few years is less than the present value of money available today.
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The price mechanism as expressed through the market behavior of individual households and firms is the central point of micro
economic theory. Hence it is called price theory.
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It deals with the analysis of small units of the economy, such as individual consumers, firms, individual prices, individual industries etc..
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Greek; it means small
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The area of economic theory is divided into Two
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Economics is the study of how goods and services produced and how they are distributed.
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