In a parliamentary democracy such as India, there are a number of political parties, and they compete with each other to capture citizen votes. Citizens vote for a political party that satisfies their need. The incumbent candidate and his/her party is accountable to citizens and that is how services can be bettered and economic progress could be achieved. In economics, a perfectly competitive industry is an ideal which is not attained. However, a perfectly competitive industry is considered...

Go to index page »