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Economics – The origin, meaning and history of the word
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We study about various theories of economics, different models and aspects in detail quite often . But do we focus…
Fiscal Policy and Monetary Policy
Fiscal Policy and Monetary Policy – two tools that run the economy Whenever the economy suffers from serious problems, like…
Time value of money
Time value of money is a very interesting concept of economics. Putting in very simple words, it means that any…
Developing or underdeveloped?
After reading the heading, you must be thinking how stupid this question is. Everyone knows INDIA is a developing country.…
Does every demand curve slope downward?
What we all know is that, “When the price of a good rises, its demand falls and vice versa.”…
drug interdiction or drug education?
One of the major problem that our society is facing is the increase use of illegal drugs, such as, heroin,…
who pays more tax?
Is it the buyers or the sellers? What we generally think is, it depends on whom the tax is levied.…
Andaman expansion
Prime minister, Narendra Modi – ” I want the development of the islands and wants to enhance military base, trade…
do you know economics?
Economics is not our stuff. It’s the job of economists : this is what people generally assume. But this is…
Paradox continues
Leontief’s Paradox in economics states that a country import commodities that uses scarce resources and exports the one that uses…