Step 1: Introduction to Public Expenditure.
Public expenditure refers to the spending by the government on goods and services that benefit the public. Over the years, public expenditure has increased due to various reasons.
Step 2: Reasons for the Growth of Government's Public Expenditure.
1. **Population Growth**: As the population grows, the demand for public goods and services such as healthcare, education, and infrastructure increases, leading to higher expenditure.
2. **Economic Development**: With economic development, governments tend to invest more in infrastructure, social welfare programs, and public services to support the growing economy.
3. **Defense and Security**: Increased expenditure on national defense and security is a major factor for growing public spending, especially during times of political instability or war.
4. **Social Welfare Programs**: Governments have been increasing their spending on social welfare programs, including unemployment benefits, pensions, and healthcare, to address inequality and poverty.
5. **Technological Advancements**: With advancements in technology, governments need to invest in new technologies and modernize public services, which increases expenditure.
6. **Environmental Concerns**: Spending on environmental protection, climate change measures, and natural resource management has increased as environmental issues have become more urgent.
Final Answer: \[ \boxed{The \; growth \; of \; government \; expenditure \; is \; due \; to \; factors \; like \; population \; growth, \; economic \; development, \; defense, \; social \; welfare, \; and \; technological \; advancements.} \]
Observe the following diagram of the non-linear demand curve and answer the questions given below.
(1) If \( EB = EA \) (\( Ed = 1 \)) = ....… (1)
(2) If \( EB > EA \) (\( Ed > 1 \)) = ....... (1)
(3) If \( EB < EA \) (\( Ed < 1 \)) = ....... (1)
(4) The 'x' axis represents ........ of commodity and 'y' axis represents ........ of commodity. (1)
Regulated Market
Regulated market is a wholesale market where buying and selling are regulated and controlled by the state government through the market committee.
Regulated market aims at the elimination of unhealthy and unscrupulous practices regarding charges and providing facilities to producers and sellers in the market. The poor standards of primary and secondary markets in agricultural market are cash transactions, short weights, excessive market charges, unauthorized deduction, and the absence of machinery to settle disputes between sellers and buyers. These defects and malpractices can be recovered by the establishment of Regulated market. According to the Bombay Agricultural Product Market Act-1939, this market is controlled. In this market mainly the trade of cereals, fruits, tobacco, cotton, groundnut, coconut, betel nut, potatoes and turmeric, etc. are controlled.
Questions:
(1) Which act regulates the market? (1)
(2) What are the poor standards in primary and secondary markets? (1)
(3) Give your opinion with reference to the above passage. (1)