Tag: Business Economics

The greatest bane and perhaps the greatest defect of the present economic order is inequalities of income. It is often seen that the incomes of different individuals differ. Though …

Significance of National Income Data National income data are of utmost importance for the economy of any country primarily because national income is the most dependable indicator of a …

Degrees (or) Types of Inflation Inflation is of different types. The following are the various types of inflation. These types of inflation are classified on different basis: 1. Inflation …

What is Public Expenditure? Public expenditure refers to expenditure of the government. In the past, the subject of public expenditure was neglected because the expenditure of the government was …

Advantages of International Trade 1. Advantages of specialization and division of labour It is beneficial in several respects. Important advantage is the division of labour and the consequent specialization. …

What is International Trade? The term “trade” generally means exchange of goods among different individuals. If such exchange of goods takes place between two individuals or firms of the …

Control of Business Cycle Economic stabilization is one of the main remedies to effectively control or eliminate the periodic trade cycles which plague capitalist economy. Economic stabilization is not …