Economics

Evolving Economies

We all know about demographic transition, but don’t you think that our economies are undergoing changes? Yes, economic development is happening. Initial stage which is before the industrial revolution, the sector which contributed more to our economy was the agriculture sector. After the industrial revolution, things have changed a lot. Read more…

By Anagha Sanil, ago
Economics

Fiscal policy, Tools and Types

Fiscal policy is called as is the sister strategy to monetary policy. It is the way by which governments stabilize the economy. Here the government uses two tools they are tax rate and governmnet spending. Tools for fiscal policy: There are two tools for monetary policy Government spending and Taxation. Read more…

By Anagha Sanil, ago
Economics

Types of Unemployment

Frictional Unemployment This type of unemployment occurs when workers leave their old jobs but haven’t found a new one yet. This happens mostly when workers look for a better job. This type of unemployment make it difficult to reach the goal of full employment. Structural Unemployment The type of unemployment Read more…

By Anagha Sanil, ago
Economics

Importance of Macroeconomics

It helps in analyzing the functioning of a complex economic system. Macroeconomics help in achieving the goal of economic growth. Understanding the macroeconomic problems helps to form strategies to reach economic growth and to sustain it. Macroeconomics helps in suggesting policy measures to control inflation and deflation. It explains factors Read more…

By Anagha Sanil, ago
Economics

Types of markets

We can classify markets systems into two Perfect Competition and Imperfect Competition. Where Imperfect competition can be further divided into Monopoly, Oligopoly, Monopolistic Competition, and Monopsony. Perfect Competition A perfect competetion market should have the folloeing features: A large number of buyers and sellers are present Homogeneous goods are sold Read more…

By Anagha Sanil, ago
Economics

Supply and Law of Supply

Supply Supply can be defined as the ‘quantity of a good which a seller is willing and able to sell at a particular price in a particular period of time’. Factors influencing supply Price of commodity cost of production Change in Technology Availability of transportation facility Government policy Price of Read more…

By Anagha Sanil, ago
Economics

Demand and Law of demand

Demand Estimating Demand is central to any business operation because first it should estimate or forecast demand in order to detrmine there budget, production etc. Demand can be defined as the amount of a good that a consumer is willing to buy and able to purchase at a period of Read more…

By Anagha Sanil, ago