Study Materials

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Expenditure Method and Effect on Monetary Management

Expenditure Method and Effect on Monetary Management

The measurement of national income accounts by using expenditure method and monetray management or currency management are closely related to ...
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Isoquant Curve Map

Isoquant Curve Map

Isoquant curve is the locus of various combinations of two inputs labor and capital that yield the same level of ...
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Meaning and Derivation of Iso-quant Curve

Meaning and Derivation of Iso-quant Curve

Meaning of Iso-quant In the long-run producer can change all the factors and thus output can also be changed by ...
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Concept of Short-Run and Long-Run

Concept of Short-Run and Long-Run

In economics short-run and long-run do not reflect any time period like the concept of short-term and long-term. Economists connect ...
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Optimum Employment of Single Variable Input

Optimum Employment of Single Variable Input

Concept of Optimum Employment of Input Every producer engages in the act of production to earn possible maximum profit by ...
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The Objectives of Monetary Policy

The Objectives of Monetary Policy

Monetary policy is an important tool for any country's economic development and overall economic stability. The objectives of monetary policy ...
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Meaning and Types of Monetary Policy

Meaning and Types of Monetary Policy

Meaning of Monetary Policy This article attempts to briefly explain the meaning and types of monetary policy. For the country's ...
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The Best Definition of Microeconomics

The Best Definition of Microeconomics

There are different definitions of microeconomics given by different economists and the common matter of almost all the definitions is ...
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Among Nominal GDP and Real GDP, which GDP is better?

Among Nominal GDP and Real GDP, which GDP is better?

The nominal gross domestic product is the total market value of all newly produced goods and services during each time, ...
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Williamson's Model of Managerial Discretion

Williamson’s Model of Managerial Discretion

Introduction The model of the managerial theory of the firm presented by Oliver E. Williamson is known as Williamson's Model ...
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Nominal GDP, Real GDP, and GDP Deflator

Nominal GDP, Real GDP, and GDP Deflator

Introduction If the gross domestic product is measured at the prevailing market price then it is known as nominal gross ...
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personal income, disposable income, per capita income, and personal income.

Personal Income, Disposable Income, Per Capita Income, and Personal Saving

Here in this article, we have tried to define personal income, disposable income, per capita income, and personal income. Personal ...
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National Income at Market Price and Factor Cost

Relationship between Concepts of National Income at Market Price and Factor Cost

After discussing several key concepts of national income at market price as well as at factor cost, in this article, ...
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Value Maximization Model

Value Maximization Model

Introduction Value maximization theory was developed as an alternative to the profit maximization theory due to weaknesses or limitations of ...
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Concepts of National Income at Factor COST

Concepts of National Income at Factor Cost

Introduction to Concepts of National Income at Factor Cost Factor cost is the total cost of production. It means factor ...
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Concepts of National Income at Market Price

Concepts of National Income at Market Price

Introduction The price given by the final purchasers of the consumer as well as capital goods is known as market ...
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Concepts of National Income

Concepts of National Income

This article tries to briefly introduce major concepts of national income.Concepts of National Income Meaning of Concepts of National Income ...
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Meaning and Features of National Income

Meaning and Features of National Income

Meaning of National Income In this article, we explain the meaning and features of national income. You will know what ...
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Basic Terminologies of National Income

Basic Terminologies of National Income

The key terminologies/(basic terminologies of National Income) related to national income are briefly explained below. Domestic Territory of a Country ...
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Circular Flow Model

Circular Flow Model

Introduction The economy is a system in which all the economic agents are interdependently working and doing their respective economic ...
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