Scarcity and Central Problems of an Economy
Concept of Scarcity: The concept of scarcity was first given by ‘Lionel Robbins’. It refers to a situation where demand for goods and services exceeds …
Deciphering the Economics
Concept of Scarcity: The concept of scarcity was first given by ‘Lionel Robbins’. It refers to a situation where demand for goods and services exceeds …
Consumer’s Equilibrium Consumer: A person who decides what and how much to consume in order to get the satisfaction of his wants. Equilibrium: The word …
Money And Banking Important Questions. Q1. High powered money consists of: (a) Currency and Coins held by the public (b) Currency, …
CBSE Class 12th Indian Economy Most Important Questions Q1) Why Despite abolition of Zamindari system, poverty continues to be Pervasive in Indian agriculture? Ans) Despite …
Reserve Bank Of India It is central bank of India. It was established on 1 st April 1935, Kolkata. Initially it’s headquarter was in Kolkata. …
National Income At Current Price (Nominal National Income)/ Nominal GDP • It refers to the money value of final goods and services produced by nominal …
The Government Budget The government budget is an annual statement, showing item-wise estimated receipt and expenditure of the government during a fiscal year. It is …