DMPQ- Explain the Non-monetary theories of inflation

Demand-Pull Effect The demand-pull effect states that as wages increase within an economic system (often the case in a growing economy with low unemployment), people will have more money to spend on consumer goods. This increase in liquidity and demand for consumer goods results in an increase in demand for products. As a result of … Read more

DMPQ- State the classical theories of the origin of monsoon.

Halley’s Thermal concept: Indian monsoon is because of contrast between Indian Subcontinent and adjoining Indian Ocean. Halley’s theory, suggested in 1686, considers the summer monsoon to be a regional phenomenon. Aerological concept: This was suggested by R. Scherhag in 1948. According to this theory, monsoon circulation develops due to changes in air temperature at all … Read more

DMPQ: Explain the modern theories of the origin of monsoon.

Dynamic Theory: Flohn (1951) according to Flohn, the monsoon is a global phenomenon due to global shift in pressure belts. The shift in pressure belts bring the ITC much more into the northern margin is around 30 degrees north over the Indian subcontinent. This brings the SE trades over the Indian subcontinent as south westerly … Read more