DOMESTIC TERRITORY OR ECONOMIC TERRITORY: It refers to the political frontiers of a nation within which person,…
METHODS OF CALCULATING NATIONAL INCOME Value-added method Expenditure method Income method In India, The Central Statistics Office…
MEASURES OF BUDGETARY DEFICIT REVENUE DEFICIT: It refers to an excess of government revenue over its revenue…
COMPONENTS OF GOVERNMENT BUDGET Components of government budget refer to the structure of the government budget. It…
BALANCE OF PAYMENTS BOP: The balance of payments of a country is a systematic record of all…
Demand The term demand is used in a different sense in economics in the normal course of…
Questions Of Poverty ? Q1. Define Poverty? Ans. It refers to a situation where a person is…
Questions on Human Capital Formation Q1. Define Human Capital? Ans. It refers to the stock of skill,…
Positive and Normative science explained Meaning of Positive Economics POSITIVE STATEMENTS :Positive statements/ Science/ Economics: – they…
Micro and Macro Economics Explained Microeconomics: – The term Microeconomics is derived from the Greek word “MIKROS”….