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In capitalist economic systems, market forces drive the economy, with private ownership of capital and means of production. The allocation of goods and services is primarily determined by purchasing power rather than individual needs. This means that consumers must have sufficient financial resources to acquire goods, regardless of their necessity. This market mechanism can result in underproduction of essential goods like affordable housing for lower-income populations, as market-driven production responds to effective demand (backed by purchasing power) rather than need alone.
Which section of the IRDA Act delas with the Administrative Powers of the Chairperson?
The communication of a revocation is complete, as against the person who makes it _________________
The Supreme Court in which case directed all the States and Union Territories to consider the ‘plight of acid attack victims and take appropriate ste...
A suit in respect of Public Charities is provided under:
A sues B for land of which B is in possession, and which, as A asserts, was left to A by the will of C, B’s father. If no evidence were given on eithe...
What is the notice period given to a Public servant before instituting a suit against him as per s. 80 of CPC?
As per the Insurance Act, 1938 an insurance company shall not be wound up voluntarily except _________________
As per the Bharatiya Nagarik Suraksha Sanhita, Section 180, who has the authority to examine orally any person supposed to be acquainted with the facts ...
The name “Union of India” is used when a Suit is filed __
According to the Airport Authority of India Act ______________means a landing and taking off area for aircrafts, usually with runways and aircraft maint...
