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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…

What is Opportunity Cost?

Heard a common saying; ‘opportunity never knocks twice. So, let’s understand the meaning of opportunity cost, to make wiser decisions.

What Causes Production Possibility Curve To Shift?

This is one of the most searched questions on Google, and I am going to answer this on my blog. We have already learned the meaning of Production Possibility Curve,…

Poverty Alleviation Programs

Today, I will write about the Indian Government programs for the removal of poverty. We have already done the meaning of Poverty and the causes behind poverty. You can click…

National Income: Formulas & Tricks

We have already discussed the meaning and basics of National Income. Now, as per the request from one student on social media, I am going to discuss some basic conversion…

What Are The Causes Of Poverty?

We have already seen the meaning of poverty Now is the time to know the reason that leads to poverty. But before jumping into the causes, I would like to…

What Is Poverty?

This is one of the most common problems faced by many economies in the world (irrespective of there development levels). It means, even developed countries suffer from this challenge. To…

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