Economics
Macroeconomics, sometimes referred to as micro economics, is a branch of economic theory that studies the interactions of a population as a whole. The concepts and tools of macroeconomics have grown and developed over the past several decades, with particular focus on international trade, monetary policy, budget deficits, interest rates, and international trade arrangements. The …
National income is the sum of money that flows in and out of a country as a result of the production and consumption of goods and services. The national income flow represents how much money is spent by individuals in a particular period of time. The final and constant goods cycle describes how much money …
The National Income Theory – Concepts You Should Know Read More »
Determination of income is a three step process starting with determining the gross monthly income. The second step in the process involves the assessment of the tax burden and the taxpayer’s ability to pay. The third step is the allocation of the income among the various classes based on their net income. Determining income from …
The recent world problems that have been rocking the world include poverty, hunger, environmental degradation, political instability, human trafficking, ethnic tension, and religious and cultural conflicts. Although the root cause for these world problems is complex, to understand them we must briefly go over their various dimensions. On one hand, poverty is defined as lack …
The basic function of government fiscal policy is to control the money supply and interest rates. Through changes in taxes and its expenditure, the government seeks to stabilize the ups and downs of the national economy and tries to increase overall output and income. In doing so, fiscal policy generates a surplus (if total revenue …
The Relationship Between Government Fiscal Policy And Economic Growth Read More »
Farming in India has its own share of challenges and pitfalls and the modern techniques employed by farmers to cultivate modern productive croppers are more advanced, economical and mechanized than ever before. Modern day farming is an art of tillage, horticultural management, plant propagation, crop rotation, fertilization, irrigation, mechanical harvesting, etc., employing technologies such as …
Why Is Irrigation So Important For Farming In India? Read More »
India is a leading destination for mining, processing and power sector. Indian mineral and power sectors are among the developing countries with regard to their power sectors and minerals. As per the latest reports, India is the leading consumer of minerals and contributes significantly towards greenhouse gas emissions. Therefore, India is greatly exposed to the …
Transport system is a very important component of any developing nation’s economy. An efficient, quick and economic transport system helps the country in adding tremendous value to its manufactured goods. Moreover, it added spatial coverage of the international markets for manufactured products and thus acts as an effective avail resource. The success of any manufacturing …
Indian weather is subject to change abruptly due to natural and man made catastrophes. cyclone and heat waves are the two most destructive and devastating natural disasters in India. Map showing areas of highest risk, shaded by natural and man-made distributions of annual rainfall. Cystic floods, drought, lightning, landslides, and mountain storms are the most …
India, officially the Republic of India, is a multicultural country in South Asia, having populations from diverse corners of the globe. The country is geographically and culturally diverse, with its people coming from Afghanistan and Nepal to Aceh in southwestern India, Bangladesh and Punjab in the east, west Bengal and Kerala in the south, and …
Demography of India – Information on Population of India Read More »