Capitalism v/s. Communism

Throughout history there have been two basic forms of economic systems, viz.. capitalism and communism. Capitalism entails a social system based upon doctrine of private ownership of means of production and free enterprise with right to retain what one produces. Communism is a doctrine of the means of production being owned by State, which also regulates economic […]

Agriculture v/s Industry

Agriculture and Industry, both are important sectors of economy.Whereas the former helps meet basic needs of people like food grains and other agricultural commodities, the later fulfils multiple wants that are legacy of economic development and modern life style.