Divisions of Economics Based on the subject-matter, Economics can be divided into Consumption, Production, Exchange, Distribution and Public Finance. They are briefly explained below. 1. Consumption Since the
Characteristics of Business Cycle The business cycle occurs periodically in a wave-like fashion with varying magnitude affecting not only the entire economy of the country but also making
In the production scene of India, Cost control is a far fetched dream due to variety of reasons. Indian economy is one of scarcity, rising prices, shortages, labour
What is an Executive Summary? Executive summary is a brief which gives a bird’s eye view of the business plan. Many investors, bankers, managers and other readers analyze
What is Capitalism? Capitalism is an economic order in which the resources are owned by a few rich and private people, and production will be done for profit.