What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Why the repayment of loan is a capital expenditure? Answer: Repayment of loan is taken as a capital expenditure since it diminishes the liabilities of Government.
how many systems of note issue are there??
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
Meaning of Fiscal policy:Fiscal policy is the set of decisions and principles of a government regarding the extent of public expenses and mode of financing them. It is about the attempt of g
If households become more willing to hold less cash and more stocks or bonds, the
In the figure shown below, line T1 depicts a tax system which is: (1) Regressive. (2) Progressive. (3) Proportional. (4) Unbiased. (5) Recessive.
Define the term Supply curve.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
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