Economics 2 min read
Elasticity of Demand
Whenever a policy maker wishes to examine the sensitivity of change in quantity demanded due to the change in price,…
THE ARCHIVES
Author: Prabhu TL.
Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
← Explore all topics Economics 1 min read
Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on 1st February, 1964. Objectives: The…
Economics 1 min read
Industrial Reconstruction Bank of India (IRBI)
About: (i) Industrial Reconstruction Corporation of India (IRCI) was established to provide financial assistance as well as to revive and revitalize…
Economics 1 min read
State Financial Corporations (SFC)
About: v SFC was established in 1951 after three years of the establishment of IFCI. v SFCs were set-up in various states…
Economics 3 min read
CENTRAL BANK
Central Bank may be defined as an institution charged with the responsibility of managing the expansion and contraction of the…
Economics 2 min read
Credit Creation by Commercial Bank
• A commercial bank is called a dealer of credit. • It can create credit i.e. can expand the monetary base of…
Economics 2 min read
Exceptions to the law of demand
Conspicuous goods: These are certain goods which are purchases to project the status and prestige of the consumer. For e.g. expensive…
Economics 2 min read
Essentials of a Sound Banking System
A sound banking system promotes all round economic development of an economy. A good bank must have the following features…
Economics 4 min read
Functions of a Commercial Bank
• Modern commercial banks perform a variety of functions and provide a number of services to their customers. • They…
Economics 1 min read
LIQUIDITY PREFERENCE AND MARGINAL EFFICIENCY
Liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by Keynes to explain…
Economics 1 min read
INVESTMENT AND RATE OF INTEREST
• Investment = a change in the stock of capital over a period of time. • Investments are undertaken upto…