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Value Added Method of National Income

There are 3 main methods for calculating National Income; Value-added method, Income method, and the Expenditure method. Today, I will be explaining the value-added method but To understand this method…

7 Lessons I Learned from Writing Every Day for 100 Days

First of all, thank you so much for such a positive response to this blog. You have been an incredible audience, and I appreciate every one of you. I have…

What is the Price Elasticity of Demand?

This is one of the most scoring topics in microeconomics. Since you all have gone through the concept of demand, now in this post I will be explaining the meaning…

Problems and Solutions to Unemployment in India

When we learned about types of employment, we came to see that India has a formal and informal sector of employment. Now when a person is able and willing to…

Formal and Informal Sector of Employment

Employment is an activity which enables a person to earn, that is, a person gives his services and gets paid in return. So, if all those who are willing and…

Change in Demand and Change in Quantity Demanded

The above-mentioned terms look similar. Isn’t it? But they are different from each other, and I know that students find them to be very confusing. Let me help you understand…

What is the Agricultural Diversification?

To develop the rural sector, we need to focus on alternative options related to agriculture. Diversification means having other alternative options. The need for agricultural diversification arises from the fact…

Sources of Rural Credit

Rural development is an important pillar for any country’s successful development and growth. We have seen the meaning of rural development, key issues faced by India for rural development, and…

What is the gross and net investment?

I will be discussing some specific terms under investments from the national income accounting point of view. I know there are several types of investments, feel free to leave your…

What are the causes of the downward sloping demand curve?

Hi everyone. We have seen the types of the demand curve, the law of demand, and the exceptions to the law of demand. Now, is the time to discuss the…

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