Government Policy

Identify at least four factors that have brought about changes in the socio-economic conditions of the tribals?

Introduction India is home to a large tribal population that has historically lived in isolation, practicing distinct customs, traditions, and livelihoods. Over the years, the socio-economic conditions of the tribal communities have undergone significant changes. These changes have been brought about by multiple factors ranging from government interventions to globalization and market forces. Understanding these […]

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What are the policy instruments available for government intervention to regulate inefficient market situations?

Introduction Markets are generally efficient in allocating resources through the forces of supply and demand. However, in some cases, markets fail to deliver socially desirable outcomes. These failures occur due to reasons like externalities, monopoly power, public goods, or information asymmetry. In such situations, government intervention becomes necessary. This answer explains the key policy instruments

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