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Piyush365

In a barter system, trade happens only if each person has what the other wants. This requirement of a double coincidence of wants makes trade inefficient and limits the number of potential trade partners. It is one of the main ...

Piyush365

Privatisation can boost efficiency and economic growth, but without proper regulation, it can increase inequality and reduce social welfare. A balanced approach—combining private efficiency with government oversight—is essential for inclusive and sustainable development.

Virat

Money and muscle power in elections weaken democracy by giving unfair advantage to wealthy or influential candidates. Voters may be influenced by bribery, intimidation, or coercion, preventing free choice and fair representation, which are essential for democratic governance.

Virat

Copper smelting plants are best located in Rajasthan and Jharkhand because both states have rich copper ore deposits, availability of power, transport, water and labor. Industrial infrastructure and proximity to mining areas reduce transport costs and enhance profitability.