Indian Economics 2

  MEANING Health is  a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity . Good health is central to human happiness and well-being that  contributes significantly to prosperity and wealth and even economic progress , as healthy populations are more productive, save more and live longer. TYPES OF HEALTH FACILITIES 1) Hospital:-   A hospital is an institution for healthcare  typically providing specialized treatment . Today, hospitals are usually funded by the state, health organizations,   h ealth insurances  or by  c harities  and by donations.  Hospitals are nowadays staffed by professionally trained doctors, nurses, paramedical clinicians, etc.,  2) Healthcare center:-  Healthcare centres, including  c linics ,  d octor's offices ,  u rgent care  centers and  a mbulatory surgery centres , serve as first point of contact with a health prof...

Education refers to the discipline that is concerned with methods of teaching and learning  in schools or school-like environments, as opposed to various non formal and informal means of socialisation. Education goes beyond what takes places within the four walls of the classroom. A child gets the education from his experiences outside the school as well as from those within. Types of Education There are  three main types of education , namely, Formal, Informal and Non-formal.  Formal Education Formal education or formal learning  usually takes place in the premises of the school, where a person may learn basic, academic, or trade skills.   The formal education is given by specially qualified teachers they are supposed to be efficient in the art of instruction. Examples of Formal Education Learning in a classroom School grading/certification, college,  and university degrees Planned education of different subjects having a proper syllabus acquired...

  MEANING A multinational corporation (MNC) is a company that operates in its home country, as well as in other countries around the world. It maintains a  central office  located in one country, which coordinates the management of all its other offices, such as administrative branches or factories. CHARACTERISTICS OF MNCS The following are the common characteristics of multinational corporations:   1. Very high assets and turnover:-  To become a multinational corporati on, the business must be large and must own a huge amount of assets, both physical and financial. The company’s targets are high, and they are able to generate substantial profits.   2. Network of branches:-  Multinational companies maintain production and marketing operations in different countries. In each country, the business may oversee multiple offices that function through several branches and  subsidiaries .   3. Control:-  In relation to the previous point, the m...