Status and Trend of Poverty in Nepal

Understanding Poverty  Poverty is a multidimensional, most challenging, and complex issue in the world. It is a problem of economic development of most of the developing countries like Nepal as poverty as an adverse effect on social, economic, cultural, environmental, political, physical, mental, educational, health, etc. sectors. Hence, the main objective of most of the …

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Economics and its Impact on Public Policy

This article attempts to explain the main essence of Mercantilism, Physiocrats, and Classical economics and their effect on economics policies. In the 18th century, economics was called political economy. At that time, the main purpose of economics was to assist in the formulation of public policy and to guide policymakers, and for this reason, economics …

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Principles of Physiocratic School of Economic Thought

Physiocracy is an economic thought or economic theory developed by an organized group of French economists in the 18th century. This school of thought was led by Francois Quesnay (1694-1774). Francois Quesnay was a French economist and chief architect of the Physiocratic school of economic thought. He published the ‘Tablue Economics’ in 1758 and provided the foundations of the ideas on the Physiocratic school of economic thought.

Major Economic Systems

Economics is the study of the economic behavior of individuals concerning scarcity and choices. Economic interaction takes among people when they exchange goods within the framework such as firms, government, or the economy. The broader institutional framework in which or within which economic interactions take place in a country is known as the economy.

An Introduction to Nepal at a Glance

Nepal formally is the Federal Democratic Republic of Nepal. It is a small mountainous country in South Asia. China lies to the north of Nepal and India lies in the east, west, and south of Nepal. It lies between latitudes 26022’ to 300 27’ north and longitudes 8004’ 880 12’ and east. The average east-west length is 885 kilometre and north-south width is 144 to 241 kilometres.

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