Multiplier meaning: The multiplier refers to the effect of changes in investment outlays on aggregate income through induced consumption expenditure. Thus the multiplier express a relationship between an initial increment of investment and the resulting…
Social Accounting Meaning: Social accounting meaning, is nothing but national income accounting or social and environmental accounting, that extends traditional financial accounting to include social and environmental factors. This broader concept provides a more broad…
Keynes Theory of Employment: The Keynes Theory of Employment explains with the principle called an effective demand. J.M. Keynes, father of modern economics criticize the classical theory of employment given by classical economist. He gave…
DURATION:1Hourą„¤ MAX MARKS-10 INSTRUCTIONS- FOR – 7 MARKS Q.NO.1.a. what is Macro Economics? Explain the merits and demerits of macroeconomics? OR Q.NO.1.b. Explain the Keynes theory of Employment? FOR – 3 MARKS Q.NO.2.a. Write…
Macro Economics uses and limitations: Uses and Limitations: Before going to the uses we study first meaning. Macro Economics is the study of aggregates. Macro Economics derived from the Greek word MAKROS which means large.…
Meaning of Micro Economics: Micro Economics Meaning is micro study of every small unit of the economy in greater detail. The term Micro economics has been derived from Greek word MIKROS which means small. So…
Objectives and Performance: Objectives and performance of nationalization of the commercial banks is the major aim of the govt. Before to that we first study the meaning if nationalization. Nationalization means the process by which…
Industrialization Meaning: Industrialization is a process of manufacturing consumer goods and capital goods and of building infrastructure in order to provide goods and services to both individuals and business. It helps to increase the share…
Introduction: Agriculture has been the backbone of the Indian economy for centuries, playing a very important role in its development and sustenance. One of the importance of agriculture is as one of the oldest sectors,…
Poverty Meaning: Poverty may be defined as the inability to secure the minimum consumption requirement for life health and efficiency. Poverty in India has been defined as the situation in which an individual unable to…