MEPZ is a Special Economic Zone in Chennai. It is one of the seven export processing zone in the country set up the central government It was established in 1984 to promote foreign direct investment, enhance foreign exchange earnings and create greater employment opportunities in the region. The MEPZ headquarters is located on GST Road in Tambaram, Chennai.

(i) Entrepreneurship is a process of an action of an entrepreneur

(ii) Who undertakes to establish his enterprise. It is the ability to create and build something

(i) SIPCOT (State Industries Promotion Corporation of Tamil Nadu)

(ii) TANSIDCO (Tamil Nadu Small Industries Development Corporation)

(iii) TIDCO (Tamil Nadu Industrial Development Corporation)

(i) Industrial clusters are groups of firms in a defined geographic area that share common markets, technologies and skill requirements.

(ii) An important aspect of clusters is the nature of inter-firm networks and interactions

(i) There are limits to the ability of agriculture to absorb labour due to the declining marginal productivity of land

(ii) As a result, labour productivity in the agricultural sector cannot increase much.

(iii) Wages too cannot therefore increase and as a result poverty levels may remain high, especially when more and more people continue to rely on agriculture for their livelihood

(i) Black money is funds earned on the black market on which income and other taxes have not been paid.

(ii) The unaccounted money that is concealed from the tax administrator is called black money.

There are two types of taxes namely direct taxes and indirect taxes.

(i) Direct taxes : Some direct taxes are income tax, wealth tax and corporation tax.

(ii) Indirect taxes : Some indirect taxes are stamp duty, entertainment tax, excise duty and goods and service tax (GST).

(i) The paying of taxes aims to raise revenue to fund governance or to alter prices in order to affect demand.

(ii) States and their functional equivalents throughout history have used money provided by taxation to carry out many functions.

(iii) Some of these include expenditures on economic infrastructure. Military, scientific research, culture and the arts, public works and public insurance and the operation of government itself.

(i) Puratchi Thalaivar M.G.R. Nutrition Meal Programme

(ii) National Programme of Nutritional Support to Primary Education

(iii) General ICDS Projects and World Bank - Assisted Integrated Child Development Services

(iv) Pradhan Manthri Gramodaya Yojana Scheme (PMGYS)

(v) Tamil Nadu Integrated Nutrition Programme

(vi) Mid-Day Meal Programme

(i) Increased food grains production with HYV of rice, wheat and an increase in major cereal crops.

(ii) The yield of food grains has increased four fold since independence.

(iii) Introducing fertilizer - responsive high - yielding varieties of rice and wheat.

(iv) Cheaper farm credit through co-operative bank and societies.

The basic components of food and nutrition security, are

(i) Availability of food

(ii) Access to food

(iii) Absorption of food

According to FAO (2009), "Food security exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food which meets their dietary needs and food preferences for an active and healthy life."

(i) A fast-growing population of working age.

(ii) India has a strong legal system and many English - language speakers.

(iii) Wage costs are low in India.

(iv) India's economy has successfully developed highly advanced and attractive clusters of businesses in the technology space.

(v) External economies of scale have deepened their competitive advantages in many related industries.

Positive Impact :

i. Abetter economy introduces rapid development of the capital market.

ii. Standard of living has increased.

i. Transparency and Accountability.

ii. Fair trading practices and payment of a fair price.

There are three stages of globalization. They are,

i. Archaic Globalization

ii. Proto Globalization

iii. Modern Globalization

Globalization' is the integration of a country with the world economy. Basically, globalization signifies. a process of internationalization plus liberalization.

(i) Gross National Happiness (GNH)

The term Gross National Happiness was coined in 1972 during an interview by a British journalist for the Financial Times at Bombay airport when the then king of Bhutan, Jigme Singye Wangchuck, said "Gross National Happiness is more important than Gross National Product.

(ii) Human Development Index :

The HDI is a composite index of life expectancy at birth, adult literacy rate and standard of living measured as a logarithmic function of GDP, adjusted to purchasing power parity.

(i) Per Capita Income (or) output per person is an indicator that shows the living standard of people in a country.

(ii) It is obtained by dividing the National Income by the population of a country.

(iii) Per Capita Income = National Income/Population.

(i) Gross Domestic Product (GDP) is the total value of output of goods and services produced by the factors of production within the geographical boundaries of the country.

(ii) GDP represents the economic health of a country.