Definitions [6]
Define Rural Economy.
Rural economy refers to villages. Rural economics deals with the application of economic principles in understanding and developing rural areas.
Not enough income or resources to meet basic needs (food, clothing, housing, education, healthcare) among people in villages mainly affects small/marginal farmers, landless labourers, and agricultural workers.
Lack of basic needs among groups living in cities and towns, such as rural migrants, slum dwellers, and the informally employed.
Define open unemployment.
In open unemployment, unemployed persons are identified as they remain without work. This type of unemployment is found among agricultural labourers, rural artisans, and literate persons.
Open unemployment refers to a situation where a large labour force does not get employment opportunities that may yield regular income.
Define Cottage Industry.
Cottage industries are generally associated with agriculture and provide both part-time and full-time jobs in rural areas.
Define Rural Electrification.
Rural electrification refers to providing electrical power to rural areas.
Concepts [12]
- Introduction to Rural Economy
- Features of Rural Economy
- National Bank for Agriculture and Rural Development (NABARD)
- Need for Rural Development
- Problems of Rural Economy
- Types of Poverty
- Rural Unemployment
- Rural Industries
- Rural Indebtedness
- Rural Health, Nutrition and Sanitation
- Rural Infrastructure
- Requirements for Rural Development
