Latest posts
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Syllabus of Economics Major-4- Economic Development of India.
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Syllabus of Economics- Major/Minor–3- Economic Theory and Public Finance.
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Syllabus of Economics Major/Minor-2- Money, Banking and International Trade.
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Syllabus of Economics Major/Minor-1-Principles of Economics.
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Explain the meaning of economics.
Introduction to Economics: Economics is often regarded as the queen of social sciences. As a starting point, it is essential and important, firstly to know what economics is about and what is the subject matter of economics. It seeks to explain systematically a large variety of questions pertaining to economic behavior of individuals, society and…
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What is Macro economics? explain its merits and demerits.
Introduction: Macro economics is a branch of economics that deals with the study of aggregate or behavior of the entire economy. Here we study the collective functioning of the entire economy. It deals with the aggregate of the economic system rather than with the individual parts of it. Hence it is called as aggregative economics.…
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What is Macro Economics? explain its Advantages and Disadvantages.
Introduction: Macro economics is that branch of economics which deals with the study of aggregate or average behavior of the entire economy. In it we study the collective functioning of the entire economy. It deals with the aggregate of the economic system rather than with the individual parts of it. Hence it is called as…
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Explain the NEP Policy. (A Review).
New Economic Policy (LPG Reforms): A Review In 1991, India introduced the New Economic Policy (NEP), marking a major work in its economic approach. This policy is also called as the LPG policy, which means Liberalization, Privatization, and Globalization. The reforms were initiated as a response to a severe economic crisis, aiming to strengthen the…
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Write a note on public debt.
Introduction: Public debt, also known as government debt or national debt, refers to the total amount of money that a government owes to external creditors and domestic lenders. It is the result of the government borrowing to finance its spending, especially when its expenditures exceed its revenues. Public debt plays a crucial role in economic…
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explain the heads of expenditure of central govt.
Introduction: Public expenditure is expenditure which is incurred by the government for its own maintenance and for prevailing the economic and social welfare of the people. Modern governments have to perform complex functions due to the increase urbanization and industrialized. According to Adolf Wagener a German economist the government activities whether economic or non economic…