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.
The Charter was issued to the East Indian Company in 1600 by whom?
King Charles II Queen Elizabeth I Queen Victoria Queen Mary
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On December 31, 1600, Queen Elizabeth I issued the Royal Charter to the East India Company. The British East India Company established trading facilities on the east and west coasts of India as well as in Bengal as a result of this Charter.
How do we consider a Constitution rigid or flexible?
Based upon the provisions made for its amendment Based upon Constitutional Supremacy Based upon Parliamentary Supremacy Based upon Judicial Review
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On the basis of amendments, a constitution can be classified into the categories of rigid and flexible. A rigid constitution is one that can't be amended easily, i.e., the US Constitution. A flexible constitution is one that can be amended easily, i.e., Britain.
For how many years the charter gave the company a monopoly to trade with the east and west coasts of India?
10 Years 20 Years 15 Years Indefinite Years
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For an initial 15 years, the charter granted the company a monopoly on trade with India's east and west coasts.
Procedure for Amendment in Indian Constitution is given in which article?
Article 332 Article 318 Article 368 Article 364
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Article 368 in Part 20 of the Constitution deals with the power of parliament to amend the constitution and its procedures. The procedure of amending the constitution has been adopted from the constitution of South Africa.
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