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The state of Punjab led India's Green Revolution and earned the distinction of being the "breadbasket of India." [1] [2]The Green Revolution was a period that began in the 1960s during which agriculture in India was converted into a modern industrial system by the adoption of technology, such as the use of high yielding variety (HYV) seeds, mechanized farm tools, irrigation facilities ...
The concept has evolved into a combination of science, economics, and sociology. [ 124 ] [ 125 ] In 2002, American biologist E.O. Wilson observed that: [ 122 ] [ emphasis added ] The problem before us is how to feed billions of new mouths over the next several decades and save the rest of life at the same time, without being trapped in a ...
The Bengal famine of 1943 was a famine in the Bengal province of British India (present-day Bangladesh, West Bengal and eastern India) during World War II.An estimated 800,000–3.8 million people died, [A] in the Bengal region (present-day Bangladesh and West Bengal), from starvation, malaria and other diseases aggravated by malnutrition, population displacement, unsanitary conditions, poor ...
For instance, total damages are estimated to be 90% less if global warming is limited to 1.5 °C compared to 3.66 °C, a warming level chosen to represent no mitigation. [104] In an Oxford Economics study high emission scenario, a temperature rise of 2 degrees by the year 2050 would reduce global GDP by 2.5–7.5%.
Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability for future generations.
Equity premium puzzle: The equity premium puzzle is thought to be one of the most important outstanding questions in neoclassical economics. [6] It is founded on the basis that over the last one hundred years or so the average real return to stocks in the US has been substantially higher than that of bonds.
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Green economics is loosely defined as any theory of economics by which an economy is considered to be component of the ecosystem in which it resides (after Lynn Margulis). A holistic approach to the subject is typical, such that economic ideas are commingled with any number of other subjects, depending on the particular theorist.