Article 43 also places upon the State the responsibility of promoting cottage industries, and the federal government has, in furtherance of this, established several Boards for the promotion of khadi, handlooms etc., in coordination with the state governments. It is a DPSP.

The classical economists believed in the existence of full employment in the economy. To them, full employment was a normal situation and any deviation from this regarded as something abnormal. According to Pigou, the tendency of the economic system is to automatically provide full employment in the labour market when the demand and supply of labour are equal.

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

In 1769 Arkwright patented the invention that made him rich, and his country an economic powerhouse: The spinning frame. The spinning frame was a device that could produce stronger threads for yarns.

Gypsies are believed to have arrived in Europe from northern India in the 1400s. They were called Gypsies because Europeans thought they came from Egypt. This ethnic minority is made up of distinct groups called “tribes” or “nations.” Most of the Gypsies in German-occupied Europe belonged to the Sinti and Roma tribes.

Romani (romani ćhib) Romani, or Romany, is an Indo-Aryan language spoken by about 5-6 million Roma people throughout Europe and the USA. The largest concentrations of Roma people live in Turkey, Spain and Romania. In English these people are often called Gypsies.