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What are the types of capital used in production?

We have discussed factors of production; there are four factors of production – land, labor, capital, and entrepreneurship. Our today’s focus is on the types of capital in the production…

How Is Education Considered To Be An Important Input For The Development Of A Nation?

Remember the famous saying “Education is the only treasure that cannot be stolen from us”. This is true – if you are an educated person, then you can manage and…

What is Demonetization?

Demonetization is a tool that is adopted by countries to solve issues related to inflation, corruption, counterfeiting, etc. This is not a commonly used term, but it is important to…

Is Bread Always Considered As A Consumer Good?

Today, I have decided to answer a question from national income accounting. This question is very common and readily available in many books and other online sources. I would also…

10 things I learned from my 50 blog posts.

I have been writing this blog for the past 50 days, so I would like to share my experience for those who want to start blogging or don’t even know…

Circular Flow Of Income: In The Two-Sector model

This is an important topic from National Income which we should know if we are good economics experts. The Circular Flow Of Income shows how income circulates in any economy.…

World Trade Organization (WTO)

This is one of the important international organization, that must be clear to the commerce students. India is a member of The World Trade Organization (WTO) and currently, it has…

What is Globalization?

After going through Economic reforms, and it’s two main elements that are Liberalization and, Privatization now is the time to discuss the third and final element of New Economic Policy…

What Is Privatization?

As we have discussed why the economic reforms were introduced in India and what these new policies include? Now is the best time to discuss its elements, we have discussed…

What is Liberalization?

Well, when we learned about New Economic Policy we also discussed in brief its elements and why reforms were introduced in India. In today’s post, we will be discussing the…

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