CIRCULAR FLOW OF INCOME [FULLY EXPLAINED]
What is a circular flow of income? Q1. Explain the meaning and phase of the circular flow of income. Ans. Circular flow of income refers …
Top-21 Micro-Macro Questions | Micro-Macro Paradoxes Explained
Micro-Macro Paradox Explained Microeconomics depends on Macroeconomics Macroeconomics depends on Microeconomics Micro-Macro Questions [Paradoxes] The paradox is a seemingly absurd or contradictory statement, though, often …
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
Economic Policies pursued The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests …
GOOD AND BAD IMPACTS OF BRITISH GOVERNMENT ON INDIAN ECONOMY
GOOD AND BAD IMPACTS OF BRITISH GOVERNMENT EXPLAINED Good Impacts Of British Government (a) Commercial agriculture started showing green shoots. Farming gradually came to be …
What are the Positive Contributions made by British Rule in India
Explain the British Rule In India – Systematic Exploitation of India. The various forms of exploitation by the Britishers on the Indian economy can be …
INDIAN ECONOMY ON THE EVE OF INDEPENDENCE | EXPLAINED
Introduction of Indian economy on the eve of independence The Battle of Plassey fought in 1757 changed the destiny of our country.After this battle, India …
JOBLESS GROWTH
What is Jobless Growth? FOR THE PAST MANY YEARS, I KEPT QUESTIONING MYSELF THAT DESPITE HAVINGWORLD’S THIRD-LARGEST ECONOMY IN TERMS OF GDP AND OF COURSE …
What Is Foreign Exchange Rate? [2021]
FOREIGN EXCHANGE RATE MONEY: It refers to anything which is accepted as a medium of exchange. CURRENCY: It is a generally accepted form of …
ECONOMICS AS A SOCIAL SCIENCE [Explained]
Economics as a social science INTRODUCTION TO ECONOMICS SCIENCE The word science is derived from the Latin word “Scientia” meaning knowledge. It is the intellectual …
WHAT IS THE DEFINITION OF ECONOMICS
DEFINITION OF ECONOMICS WEALTH DEFINITION:– Adam Smith (1723-90). The great Scottish economist. WELFARE DEFINITION:- Alfred Marshall (1842-1924). The English economist. SCARCITY DEFINITION:- Lord Robbins (1898-1984). …