Introduction: Balance of payment of a country is a systematic record of its receipts and payments in international transaction in a given year. Each transaction is entered on the credit and debit side of the…
Micro economics Meaning: Microeconomics is a branch of economics that focuses on the study of individual economic units at the level of households, firms, and industries. It examines how these entities make decisions regarding the…
DURATION: 1 HOUR MAX MARKS-10 INSTRUCTIONS- Q. NO. 1. a. Define Micro Economics? Explain the uses and limitations of micro economics? 1×7=7 OR b. What is elasticity of demand? Explain the degrees of…
DURATION: 1 HOUR MAX MARKS-10 INSTRUCTIONS- Q.NO.1.a. what is Macro Economics? Explain the merits and demerits of macroeconomics? 1×7=7 OR b. Explain the Keynes theory of Employment? Q.NO.2.a. Social Accounting. 1×3=3 OR…
law of supply: The term supply refers to the amount that is actually offered for sale in the market at a price per unit of time hence supply is a part of the stock. Supply…
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:1Hour। 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.…