Category: Economics

India’s Economy

Question 1 The founders of contemporary India strived to guarantee that the economic system was not concentrated on wealth. This approach was preserved in the Constitution of India. The constitution places a responsibility on the government to regulate the distribution of wealth. By implication, it should regulate the growth of big business groups. During the […]

The Great Depression

The Great Depression is a significant world crisis that influenced every developed country of the interwar period. As a crisis, it revealed the inconsistency of the gold standard system, which was already too archaic and could not effectively perform the functions necessary in the industrial society. Through this prism, the Great Depression showed the evidence […]