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Land utilisation

  LAND UTILIZATION  Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
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Role of capitalism

ROLE OF CAPITALISM IN DEVELOPING ECONOMY

Capitalism is that part of the economics where there is no role of government agencies. The sole supe power of capitalism is in the hands of private owners. This means that if private is working on the behalf of government, instead of social welfare, their main objective is to have profits.

Features

Lack of intervention of government.

Role of private firms.

Role of price mechanisms.

Advantages

Encourages innovation

Efficient firm incentives

Consumers can choose services of their choice.

Prevents government from interrupting.

Creates climate of innovation and economic expansion.

Helps in increasing GDP.

Disadvantages

Firms can gain monopoly power.

Externalities damages the environment.

Prone to boom and bust in the economic cycles.

Inequality creates social division.

Capitalist market crashes causes economic downturn , uneven business cycles.

There is difficulty in mobilising unprofitable sector into profitable sectors.

By taking advantage of poor , making them work under private legacy and providing them with low wages.

By getting price under the control of capitalism ,creating inequalities between rich and poor.

Workings appear to work entirely for the benefit of capitalist ,selling their labor to them .

Capitalist uses their privileged position to exploit poor.

Poorer under Capitalism are just paid enough just to cover up their basic necessities.

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