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The Quantity Theory by Keynes
• Keynes reformulated the Quantity Theory of Money. • In his opinion the quantity of money does not directly affect…
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Cash Balance Approach
• It states that it is not total money but that portion of cash balance people spend that influences price…
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QUANTITY THEORY OF MONEY
Quality theory of Money can be analysed by two different approaches: (1) Fisher’s Theory (2) Cash Balance Approach Fisher’s Theory…
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GRESHAM’S LAW
he Law states that bad money drives good money out of circulation. This is true in case of bimetallism where…
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Value & Forms of Money
Value of Money • It means Exchange Value. • It implies how much of goods and services can be obtained…
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MONEY Definition
• A medium of exchange. • With the help of money any exchange of goods and services can take place. • Money is…
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Economic Fluctuation
• The business world in capitalistic economy is said to experience ups and downs in its economic activities. • The…
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Marginal Productivity of Capital (MPC)
• The additional physical product obtained due to the employment of one extra unit of capital (do/ dc) per unit…
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Investment Definition
Investment has dual aspect. It implies the production of new capital goods like plants and equipments. Secondly, a change in…
General Concepts 1 min read
Difficulties in Estimating National Income
Conceptual Difficulties: • No practicable methods exists for inclusion of some items in National Income (NI), such as — services…