Introduction: In an economy goods and services and factor services are being constantly exchange between different individuals like producers and household and other individuals in the economy is known as circular flow of income. In other…
Introduction: Macro economics is a branch of economics that deals with the study of aggregate or behavior of the entire economy. Here we study the collective functioning of the entire economy. It deals with the…
Introduction: The estimation of national income refers to the process of calculating the total economic output of a country over a specific period, usually a year. National income is a key indicator of a country’s…
INTRODUCTION: The estimation of national income refers to the process of calculating the total economic output of a country over a specific period, usually a year. National income is a key indicator of a country’s…
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…
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.…