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…

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…

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…

As an economist, you must study the theory of consumer behavior. Everyone acts as a consumer on daily basis. So what defines their behavior and what kind of choices they…

These terms are commonly used in macroeconomics, National income accounting. We have seen the meaning of National Income and also some basic conversion formulas under National Income Accounting. Now we…

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…

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…

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…

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…

Heard a common saying; ‘opportunity never knocks twice. So, let’s understand the meaning of opportunity cost, to make wiser decisions. You can buy my full notes on PPC on Amazon: