Tag: rural development and employment guarantee scheme

Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increases the prices of the commodities through which consumers are exploited.

National food for work programme was introduced during the 5th five-year plan. This programme was launched in the year 2004 by the minister of rural development. The objective of this scheme is to give employment to Indian poor who can undertake unskilled jobs and thus also maintain food security.  

Hoarding in economics refers to maintaining unaccounted stocks of many commodities to safeguard oneself from rise in general price level i.e. inflation or to reap the benefits of future rise in prices. This act leads to decrease of supply of the commodity, leading to artificial scarcity in the market and further rise in price. 

NFWP stands for National Food for Work Program . It is launched by the Ministry of Rural Development, Central Government of India in November 2004. Under this scheme, 150 backward districts are provided with the necessary resources.

Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increases the prices of the commodities through which consumers are exploited.

In the process of production and consumption for economic growth, natural resources are exploited as a result of various activities that causes many types of pollution which includes air, water and land pollution. The focus on rapid growth has led to greater environmental damage, while the emphasis was laid on increased production.

Black market is an intangible market that deals in buying and selling of illegal products without concern of business law. These products are sold at very high prices which are not accounted by the government and transforms into black money. It operate outside the purview and regulation of the government or the judiciary system.

Black market is an intangible market that deals in buying and selling of illegal products without concern of business law. These products are sold at very high prices which are not accounted by the government and transforms into black money. It operate outside the purview and regulation of the government or the judiciary system.

Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increases the prices of the commodities through which consumers are exploited. This may also lead to creation of monopoly of a seller, in case of scarcity of goods.

Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increase the prices of the commodities, leading to inflation. This is a clear case of exploitation of the consumers and such a situation may create panic in the society.