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...
STAGNATION/RECESSION
Stagnation is a macroeconomic phenomenon with Slow or zero growth in the economy.Whereas Recession refers to significant decline in economic activity and negative growth .
Where there is stagnation ,there is high unemployment and involuntary employment. Whereas recession can be seen in production, employment or real income.
It can both be short lived or long lasting depending on the situation of the economy.whereas it lasts more than a few months.
It happens when total output is declining,zero or increasing slowly .whereas recession happens because of false business judgements which leads to business failures.
It results in wage increase .whereas recession results in decline in level of employment.
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