Economic
Economic systems differ according to which two main characteristics?
When in an economy intended investment is more than intended savings, then what is the consequence of it on the national income? Answer: When I > S, the level of
Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.
The origin of economic growth can be traced back to Adam Smith's Wealth of Nations. InSmith's view, economic growth of a nation depends on the 'division of labour' and specialization, and is limited by the limits of div
Describe cost-push inflation and its major source.
Can someone help me in finding out the right answer from the given options. In accord with the theories of Thorstein Veblen, the positional goods from which the owner or user of the good derives the jollies mainly since of the power, class and status signaled by the p
What is the basic difference between Market Supply and Individual Supply?
What do you mean by the term Equilibrium? Also state its proper definition.
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Describe when there will be a surplus of the good?
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