Historical Evaluation of Society according to the Karl Marx

According to Karl H. Marx history of Society is dependent on socioeconomic development, he further divided the stages of socioeconomic history of evolution into five distinct stages which are as follows:-

1. Primitive Communism

2. Slavery

3. Feudalism

4. Capitalism

5. Socialism

(Details are available on this portal in separate articles )

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Ranger Nurkse's theory of balanced growth

R. Nurkse's theory of balanced growth believes that underdeveloped countries are suffering from the vicious circle of poverty, which is determinantal to economic development in these countries. According to him "a circular constellation of forces, tending to act and react upon one another in such a way as to keep a country in a state of poverty." The vicious circle of poverty adversely affects the accumulation of capital in economically underdeveloped countries. If this vicious circle of poverty is broken then development will follow. According to Nurkse "the expansion of the market can be realized only through a process of balanced growth, where people in different countries, working with new and better tools, become each other's consumers. The vicious cycle works on both the demand and supply sides. On the supply side, there is a small capacity to save due to a low level of income, the low level of income results in low productivity whic...

Understanding the Fundamental Duties of Indian Citizens: An Overview

As an Indian citizen, you have certain fundamental duties that are enshrined in the Indian constitution. These duties are divided into two categories: those that fall under the common domain, and those that pertain to religious and linguistic minorities. Let's take a closer look at the fundamental duties that fall under the common domain. Article 14 to 28 of the Indian constitution outlines these duties in detail: Article 14: Ensures the right to equality before the law and "equal protection of the law." Article 15: Prohibits discrimination against citizens on grounds of religion, race, caste, sex, or place of birth. Article 15 (4): Authorizes the state to make special provisions for the advancement of socially and educationally backward clas ses of citizens, in addition to Scheduled Castes and Scheduled Tribes. Article 16: Ensures citizens' right to employment or appointment to any offices under the state, and prohibits discrimination on the basis of religion, race, ...

Development Concepts with Shashank Priyadarshi

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