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: Macro economics is that branch of economics which deals with the study of aggregate or average behavior of the entire economy. In it we study the collective functioning of the entire economy. It deals
New Economic Policy (LPG Reforms): A Review In 1991, India introduced the New Economic Policy (NEP), marking a major work in its economic approach. This policy is also called as the LPG policy, which means
Introduction: Public debt, also known as government debt or national debt, refers to the total amount of money that a government owes to external creditors and domestic lenders. It is the result of the government
Introduction: Public expenditure is expenditure which is incurred by the government for its own maintenance and for prevailing the economic and social welfare of the people. Modern governments have to perform complex functions due to
Introduction: The income of the government through all it sources is called public income or public revenue .The need for rising revenue arises from the necessity of increasing public expenditure the following are the various
Introduction: The government prepares a balance sheet of foreign payments called balance of payment consisting of credit and debit terms for every year. The balance of payment statement is essentially a double entry system of
Introduction: The term demand is different from desire, want; wish etc. in the language of economics the term demand has different meaning. Any want or desire will not constitute demand. Demand refers to the total
Introduction: While imports are increasing export to other countries should also increase as the exports are the payment to import. If this does not happen there would be a problem of making payment for import.
Introduction: India is one of the world’s largest and fastest-growing economies, heavily engaged in global trade. The country imports a wide variety of goods, ranging from raw materials and machinery to consumer products and technology.
