The woes of the Indian economy and also the Government of India seems to be unending and this is evident from the recent inflation rate of 11.05 that surpassed the 13-year record with one stroke. Truly speaking this has been conjoined or is the influence of the epochal rise in prices of petrol, diesel and cooking gas due to the recent economic exploitat..
An economy is a set of human and social activities and institutions related to the production, distribution, exchange and consumption of goods and services. Examples of economies: the economy of Ireland, the World economy, the underground economy.
The economy evolved in successive phases. The balance between those various economic sectors (also called industries) differs largely between the various regions of the world. The nature of their natural resources and their level of economic development are among the main factors that led to those discrepancies.
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