Economy of Nepal Nepal’s per capita income is $1085 according to the Economic Survey of 2019/20. Geologically, Nepal is a landlocked country located between two giants of the world economy China and India and Nepal has a very small size of the economy compared with these two neighboring countries. The GDP of Nepal in 2019 […]
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The Doing Business Report is originally the product of Simeon Djankov and a team published in 2002. After the publication of a paper in a quarterly journal of economics it became very popular and well known because of its quantitative evidence and measurements. After that, the World Bank Group has elaborated it and published the
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Introduction of Monetary Policy and its Formulation in Nepal The article aims to present the highlights of the Monetary Policy of Nepal 2020. Monetary policy is one of the tools that a national government uses to influence its economy. Using its monetary authority to control the supply and availability of money, a government attempts to
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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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Background Public Enterprises (PEs) had been established in Nepal to provide essential good and service related to the daily life of all citizens at an affordable price as well as easy access to them, create employment opportunities, build up the foundation of physical infrastructure for development, develop the self-reliant economy, assist to import substitution and
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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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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.
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Before the publication of Adam Smiths’ influential work “An Enquiry into the Nature and Causes of the Wealth of Nations” in 1776, there were two popular doctrines that had a huge influence on public policy. The first doctrine was a mercantilist doctrine that emerged roughly 200 years prior to Adam Smith. The mercantilist doctrine did
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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.
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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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