Economics

QUANTITY THEORY OF MONEY

Quality theory of Money can be analysed by two different approaches: (1) Fisher’s Theory (2) Cash Balance Approach…

GRESHAM’S LAW

he Law states that bad money drives good money out of circulation. This is true in case of…

The Components of Money Supply

Value & Forms of Money

Value of Money • It means Exchange Value. • It implies how much of goods and services can…

Functions of Money

MONEY Definition

•         A medium of exchange. •         With the help of money any exchange of goods and services can take place.…

Economic Fluctuation

• The business world in capitalistic economy is said to experience ups and downs in its economic activities.…

Production Possibility Curve (PPC)

In economics, a production–possibility curve (PPC), is also called a production–possibility frontier (PPF), production-possibility boundary or product transformation…

Marginal Productivity of Capital (MPC)

• The additional physical product obtained due to the employment of one extra unit of capital (do/ dc)…

Investment Definition

Investment has dual aspect. It implies the production of new capital goods like plants and equipments. Secondly, a…