Skip to main content

Globalization and the Indian economy, class 10 economic notes, important terms, digieducation

 

Globalization and the Indian economy




Class 10 economic notes

      Quick revision notes for students
       Cbse , state board and other..   
 




Important Terms


Globalisation: It means opening up the economy to facilitate its integration with the world economy.


Liberalisation: It refers to liberal and easy policy for carrying business or profession within or outside the country and it also seeks to make licensing policy easy.


Privatisation: Privatisation means removing strict control over private sector and making them free to take necessary decisions.


Outsourcing: It is the process of giving some internal functions of the business to some outside vendor, who will take care of that particular process to help the overall business objective.


Foreign Trade: It is a process of buying and selling goods and services from one country to another.



Points to Remember


   Economic reform is the process of liberalisation, globalisation and privatisation of the industrial sector of the economy to bring competitiveness and market driven functioning of the economy.


    A multinational company is a company that owns or controls production in more than one nation.


    A BPO is an organisation which works on different processes of different companies to help them in reducing cost of operation and providing standard and high quality service delivery.


✿An international financial institution established to extend financial assistance to member-nations for development purpose know as World bank



✿WTO stands for world trade organisation. The aim of this organisation is to conduct the international trade among member countries.


✿Mixed economy is a system in which private and public sector work together.


✿Information technology sector provides hardware, software and other related services to companies based within or outside the country.






Class 10 economic notes

Quick revision notes for students

Cbse, state board and other...








Digieducation..

Digieducation learning point

Comments

Read this Article

Best Free Open-Source Software for Mac Users – Beginner to Pro Level Tools

🍏 Best Free & Open-Source Software for Mac Users (2025 Edition) Looking for powerful software that doesn’t cost a dime? Whether you’re a student, creative professional, developer, or just a curious Mac user — open-source tools offer full features, regular updates, and no subscriptions. Here’s a hand-picked list of the best free open-source software for macOS users. Read more MAC KEYBOARD SHORTCUTS Download Free💯 MAC SOFTWARE 🗂️ Productivity & Office LibreOffice – Full Office suite (Writer, Calc, Impress) with MS Office support Joplin – Secure note-taking app (Markdown support + syncing) Standard Notes – Privacy-first encrypted note app Zotero – Research tool for citations and PDF organization 🎨 Creative Tools (Design & Photo) GIMP – Professional-grade image editor (Photoshop alternative) Krita – Best for digital painting, concept art, and illustrations Inkscape – Vector design software (alternative to Adobe Illustrator)...

Complete Guide to All Planets in Our Solar System: Facts, Composition, Size & More

🪐 Introduction to the Planets of Our Solar System The Solar System is home to eight amazing planets, each with its own unique features, composition, and mysteries. This guide provides a detailed overview of each planet, from the rocky inner worlds to the gas and ice giants of the outer system. Read More Our Solar system Earth vs Mars Is it time travel possible! Space-Time Fabric The Unity of the Universe ☿️ 1. Mercury Position: 1st planet from the Sun Type: Rocky/Terrestrial Planet Diameter: 4,879 km Atmosphere: Very thin (mainly oxygen, sodium, hydrogen) Temperature: -180°C to 430°C Fun Fact: Mercury has no moons and a year lasts only 88 Earth days. ♀️ 2. Venus Position: 2nd planet from the Sun Type: Rocky Planet Diameter: 12,104 km Atmosphere: Carbon dioxide, thick clouds of sulfuric acid Temperature: ~471°C (hottest planet) Fun Fact: Venus rotates in the opposite direction to most planets. ...

Top 10 Universe Facts in Hindi and English | ब्रह्मांड के रहस्य

Top 10 Universe Facts in Hindi and English | ब्रह्मांड के रहस्य 🌌 Top 10 Universe Facts (Hindi + English) Discover mind-blowing facts about the universe in both English and Hindi. ब्रह्मांड से जुड़े अद्भुत तथ्यों को हिंदी और अंग्रेजी दोनों में जानिए। 1. The Universe is around 13.8 billion years old According to the Big Bang Theory, the universe started 13.8 billion years ago. ब्रह्मांड लगभग 13.8 अरब साल पुराना है बिग बैंग सिद्धांत के अनुसार, ब्रह्मांड की शुरुआत 13.8 अरब साल पहले हुई थी। 2. It is still expanding The universe is expanding faster and faster due to dark energy. यह अभी भी फैल रहा है डार्क एनर्जी के कारण ब्रह्मांड तेजी से फैलता जा रहा है। 3. 95% of the Universe is Invisible Only 5% of the universe is visible; the rest is dark matter and dark energy. 95% ब्रह्मांड अदृश्य है केवल 5% ब्रह्मांड दिखता है, बाकी डार्क मैटर और डार्क एनर्जी से बना है। 4. More Stars than Grains of Sand There are over...