Study Materials

Here you find all the study materials uploaded in Enotes World.
Closed Economy

Introduction to Closed Economy

Based on the participation in international trade, economies can be divided into two types as the closed economy and the ...
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Macroeconomic Variables

Macroeconomic Variables

The performance and behavior of the economy can be shown and analyzed by different economic variables and these are known ...
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Use or Importance of Macroeconomics

Use or Importance of Macroeconomics

Macroeconomics is the study of aggregates like national income, national product, total consumption, total saving, total investment, etc. Study of ...
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Scope of Macroeconomics

Scope of Macroeconomics

The word ‘scope’ refers to the range or area covered by anything or any subject or by any topic. Thus, ...
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Meaning and Features of Macroeconomics

Meaning and Features of Macroeconomics

Macroeconomics is the part of economics that studies about the economy. The unit to deal in macroeconomics is the entire ...
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Cost of Economic Growth

Cost of Economic Growth

Every economy needs to invest its scarce resources in the production of capital goods and consumer goods. Both sorts of ...
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Measurement of Economic Growth

Measurement of Economic Growth

Economic growth can be defined as the increase in the real national product or output over time. Economic growth during ...
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Meaning and Definition of Demand

Meaning and Definition of Demand

Meaning and Definition of Demand Demand for goods and services implies the number of goods and services that buyers are ...
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Difference between Microeconomics and Macroeconomics

Difference between Microeconomics and Macroeconomics

The subject matter of economics is broadly divided into two branches, namely microeconomics and macroeconomics. Microeconomics and macroeconomics have become ...
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Types of Demand

Types of Demand

The willingness to buy a commodity or a service for which necessary resources are available is known as demand. Both ...
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achievements of development planning in SAARC Countries

The Achievements of Development Planning in SAARC Countries

Learning ObjectiveTo discuss the achievements of development planning in SAARC Countries SAARC Countries have experienced several changes and improvements because ...
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Constraints or Challenges of Development Planning in SAARC Countries

Constraints or Challenges of Development Planning in SAARC Countries

Introduction South Asian countries are competitive but, in many respects, they are complementary to each other also. All the member ...
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Plan Priorities in SAARC Countries

Plan Priorities in SAARC Countries

Concept and Introduction of SAARC After 1945, the trend of the establishment of various regional cooperation organizations like the European ...
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Concept of Duality in Consumer Theory

Concept of Duality in Consumer Theory

Meaning of Duality The term duality is habitually used to denote a dissimilarity between two correlated concepts, such as duel ...
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Income and Substitution Effects of a Price Change

Income and Substitution Effects of a Price Change

In our situation of good X, good Y, and money income M; if money income and the price of good ...
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Income Consumption and Engel Curve

Income Consumption and Engel Curve

Learning Objective To explain the derivation of income consumption and Engel curve for a normal and inferior good This issue ...
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Change in Prices and Derivation of Demand Curve

Change in Prices and Derivation of Demand Curve

Introduction In the analysis of consumer’s equilibrium, price and income are an exogenous variable, and change in the values of ...
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Comparative Statics of Consumer Behavior

Comparative Statics of Consumer Behavior

Introduction The theory of consumer behavior and demand is grounded on the assumption that consumers try to allot limited money ...
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Consumer’s Equilibrium with Indifference Curve Approach

Consumer’s Equilibrium with Indifference Curve Approach

Introduction A consumer attains his/her equilibrium when he/she maximizes his/her total utility, given his/her income and prices of the two ...
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The Consumption Decision

The Consumption Decision

Learning Objective To explain the technique and solution of the consumption decision problem Once the consumer identifies his or her ...
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