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What is a Price Ceiling?

The price ceiling is the maximum price the producer is allowed to charge by selling their goods and services.  Let’s understand this topic in detail. A quick note: Subscribe to our website to…

Equilibrium in the foreign exchange market

Foreign of exchange market is that market where currencies of 1 country are traded for another country’s currencies. Let’s understand the equilibrium in the foreign exchange market.  Let’s understand this topic…

What is the Foreign exchange?

What is the foreign exchange?

Foreign exchange refers to all currencies other than the domestic currency of a given country. For example, in India, USD will be a foreign exchange similarly the Canadian dollar will…

The Structure of the Government Budget

The government budget is an annual statement showing item wise estimates of receipts and expenditure of the government during a financial year. The structure of the government budget is divided…

Budget Expenditure

Budget expenditure refers to the estimated expenditure of the government on its developmental and non-developmental programs. It could also be done on its planned or non-planned programs during a fiscal…

The Budget Deficit

The budget deficit is defined as the excess of the total estimated expenditure over the total estimated revenue. Whenever the government expenditure is more than the government revenue we have…

The Government Budget

The government budget is an annual statement showing item wise estimates of receipts and expenditure of the government during a financial year.  Let’s understand the concept of the government budget in…

Legal Redressal Agencies

There are 3 legal redressal agencies under the Consumer Protection Act, 1986. Namely; District ForumState CommissionNational Commission Let’s learn more about it. A quick note: Subscribe to our website to get answers to…

Excess Demand or Inflationary Gap

Excess demand or inflationary gap refers to the situation when actual aggregate demand is more than the aggregate supply corresponding to the full employment level of the output in the…

Oligopoly Market

Oligopoly refers to a market situation in which there are few firms selling homogeneous or differentiated products. For example, the car market is considered to be an oligopoly. In this…

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