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.…
Introduction: Export import policy are better known as EXIM policy is a set of guidelines and instructions related to the import and export of goods. The Government of Indian notifies the EXIM policy for a…
Introduction: Monitory policy of R.B.I refers to the policy of the central bank with regards to the use of monetary instruments. Under its control to achieve the goals which is specified. This policy formulated by…
Introduction: 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: The Critical Minimum Effort Thesis, proposed by economist Harvey Leibenstein in the 1950s, it is a development theory similar to the Big Push Theory. It suggests that developing economies require a minimum level of…
Introduction: Big push theory highlights the need for tremendous efforts for taking the underdeveloped economics out of stagnation and breaking the vicious circle of poverty. The big push theory was propounded by Professor Paul N…
