What was the comparative advantage theory of David Ricacrdo?
When a country can produce a good or service at a lower opportunity cost than another country. Pursuit of self-interest, division of labor, and freedom of trade. A theory of free-market capitalism directly opposed to government intervention. A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
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Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
By whom and when did the idea of a constituent assembly was first proposed
Dr. Sachinand Sinha, 1949 Dr. Rajendra Prasad, 1949 Dr. B.R Ambedkar, 1946 M.N. Roy, 1934
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The idea of a constituent assembly was first proposed in 1934 by M.N. Roy. However, the actual constituent assembly was formed in 1946 on the basis of the cabinet mission plan.
Who was the first temporary chairman of the Constituent Assembly?
BN Rau Harendra Coomar Mookerjee Dr. Sachchidananda Sinha Dr. Rajendra Prasad
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Dr. Sachchidananda Sinha was appointed as the interim(temporary) chairman of the Constituent Assembly.
Is the Constitution of India flexible or rigid?
Rigid Flexible Both (a) and (b) None
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Indian Constitution is both a flexible and rigid form of constitution because in some cases it requires a simple majority of people for passing an amendment and in some cases, it requires the majority of people to pass the amendment.
The nature of the Indian Constitution-
Unitary Federal Quasi Federal System Parliamentary
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Indian constitution is federal in form and unitary in spirit. The meaning of the quasi-federal system is both federal and unitary. In Unitary Constitution the supreme governing authority of a state is concentrated in a single place(Central Government). In this constitution, the supreme power is divided between the central and state government, and both governments are independent in their domain.
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