Economics

INTRODUCTION Make in India is an initiative launched by the Government of India to encourage national, as well as multi-national companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014. India emerged, after initiation of the program in 2015, as the …

INTRODUCTION Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work, i.e., the Unemployment rate is the percent of the labor force without work. During the early days, there was not much unemployment because most people lived in villages engaged …

THEORY OF DEMAND MEANING OF DEMAND Demand means desire I want for something, but in economics, demand refers to effective demand; the number of buyers willing to purchase at a given price over a given period. Demand is desire/want backed by money. Demand = desire + ability to pay + …

INTRODUCTION: The term globalization is derived from the word globalize, which refers to the emergence of an international network of the economic systems. Since its inception, the concept of globalization has inspired competing for definition and interpretations, with antecedents dating back to the great movements of trade and empire across …

MEANING OF MONOPOLY: A monopoly is a market situation where there is only one seller of a product with barriers to entry and exit of others. The products have to close substitutes. The case elastically of demand with every product is shallow. Monopolistic can sell his commodity at any price …

INTRODUCTION: Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as a medium of exchange, a unit of account, a store of value, and …

DEMONETIZATION: Demonetisation is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form of money is pulled from circulation and retired, often to be replaced with new notes and coins. Sometimes, a country completely …