This category will talk about general topics related to economics, which everyone should have idea about. Like demonetization, Goods and Services tax, WTO, IMF and so on.

Showing 32 results for "Economics"

What are the types of capital used in production?

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…

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…

Production Possibility Curve

This topic is one of the initial concepts in the microeconomics subject. Every economics student from school to college studies Production Possibility Curve. Let’s understand this concept in simple language.

What Are The Central Problems of The Economy?

I noticed some posts regarding the central problems of the economy. So, I thought I should also explain this. Thanks to Facebook group members, who are so supportive and full…

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