In a democratic set up, price level affects the process of economic development in a number of ways. Level of price determines economic incentives for more production. It
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
Theories of Trade Cycle / Business Cycle Economists have identified different causes for the occurrence of trade cycle in an economy and formulated various theories of trade cycles.
Introduction Every country, irrespective of the economic system prevailing, is subject to business and economic fluctuations. Certain business fluctuations are very short in duration, while there are fluctuations
What is Monetary Policy? Monetary policy refers to those measures adopted by the Central Banking authorities to manipulate the various instruments of credit control. The instruments of monetary
Reasons for Government’s Intervention in Private Business The brutal consequences of free trade economy around the world compelled the Government, social thinkers and economists to stress for some
Characteristics of Indifference Curves The indifference curves have a number of attributes and interesting properties which have come to be known as characteristic features or properties of indifference
Factors Influencing Elasticity of Demand There are many factors on which the elasticity of demand depends. These factors influence the elasticity of demand of a commodity either individually
What is Gross Profit? Gross profit, in ordinary language is the surplus of total expenditure of the firm. If you refer gross profit anywhere, you actually mean the
Role and Responsibilities of Business Economists The role of Business Economist becomes increasingly important in view of the different objectives of the firm. He has a significant role