Explain the policy of Doctrine of Lapse.

Doctrine of lapse was the pro-imperialist approach to expand the realm of British Kingdom in India. It was introduced by Dalhousie who was the Governor-General; it was used by him to annex the independent Indian States. It was basically, an idea to annex those states which have no heir means state have no heir they get lapsed the right of ruling and it will not reverted by adoption.

Before AD1818, East India Company was act as mere trader not as Sovereign ruler but after it they came with the ambition to control and rule the entire region of Indian State that was started with ‘Subsidiary Alliance’ and now with ‘Doctrine of Lapse’. These policies were adopted to control all the authority of state and make it British dominion state. The main complication was started with those Indian state have no heir and according to the policy, the state have lost their ruling rights because of no heir.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.