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Energy as an infrastructure

Importance of Energy Infrastructure

Energy falls under the economic infrastructure category, and it is one of the critical aspects of the development of a nation. Importance of Energy Infrastructure is observed in its numerous…


What do we mean by Infrastructure?

All the support structures, that is, services and facilities which facilitate the development of a country make the infrastructure. Infrastructure is the structure that makes up the base of any…

The budget line

What does the budget line show?

The way we have a budget in our family to look after the household expenditure, in the same way, we use a budget line to show our income levels beyond…

Consumer equilibrium in case of utility analysis

What are the conditions of consumer’s equilibrium under utility analysis?

This is an interesting topic for all economics students to learn. Although this theory does not apply practically, it forms the basis for consumer behavior. So, today we will learn…

What is the law of diminishing marginal utility?

What is The Law of Diminishing Marginal Utility?

This law is a part of consumer behavior, and it talks about the behavior of the consumer when they consume any commodity in excess. If you want. Then revise; the…

What do we mean by the process of rural development?

The most common issue that every country faces is the process of rural development. A topic that every person should know. Let’s understand its meaning and the issues related to…

What is the law of diminishing marginal utility?

What is the role of human capital in economic development?

This is an important topic for us to understand: that means how an efficient workforce can contribute to the development of a nation. As of now, we have discussed the…

What do we mean by Goods & Services Tax (GST)?

Taxes refer to the charges that are levied on all the goods and services that we buy or sell. Taxes are paid by the individuals to the government that is…

What are the sources of Human Capital Formation?

We know the meaning of Human capital formation. We also discussed why education is considered important for the development of a nation? Now, we must learn the types of sources…

What is Cardinal Utility Approach?

The cardinal utility approach was founded by Alfred Marshall. He was one of the most influential economists of his time. Alfred Marshall was regarded as the father of neoclassical economics.…

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