Economics

In October 2020, Moody’s the rating agency, downgraded the sovereign rating of the UK for the following reasons. Moody downgraded the sovereign rating of the UK in October 2020 primarily due to the hit to the economy due to the Covid-18 pandemic, and due to the Brexit uncertainty. The rating agency expects UK to grow […]

ASSIGNMENT Make a presentation of the major trading partners of India in the last 15 years. Specify the major changes that have taken place in the Last five years. Introduction India, one of the so-called BRIC economies, is one of the major emerging national economies and an important player in the global economic landscape. Its […]

ASSIGNMENT Take a table of foodgrains production in India from any textbook on Indian economy or any other secondary source such as the Internet. Interpret the changes in the production over a given period of time. 1. The best secondary source for the required data is Economic Survey of the Government of India. For example. […]

How price elasticty impacts revenue (principles of Microeconomics) Academic Questions on Elasticty and Revenue Q. If a firm reduced the price of its product by 20%, what would be the size of the % change in the quantity sold if the demand for the product is inelastic? Q.a. Define elasticity of supply and find the […]

Understand basic economic concepts such as scarcity, supply and demand, costs and benefits, etc. What is Economics Economic agents / society have some economic problems because of the scarcity of resources. They need to choose scarce resources among alternatives (scarce resources) based on choice and valuation of alternatives. Thus economics is the study of how […]

Land resource study notes, question and answers (Economics Application, Class X) Short questions: Q. Define land according to Marshall Q. Mention two factors affecting the productivity of land Q. State two characteristics of land as factor of production Q. State the important of land in brief. Q. Suggest any two measures to increase the productivity […]

Mary is the proprietor of a bar in Dublin. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronise her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. She keeps […]

Economic growth in India over they years. For the last quarter of 20th century India’s economy has grown at an average rate of nearly 6 per cent per annum. Following independence in 1947, India grew at a sluggish rate of some 3 to 4 per cent per annum. In 2005/6, India had an annual growth […]

Macroeconomics is the study of the total or aggregate level of output, income, employment, consumption, investment and prices for the economy viewed as a whole. Macroeconomics is a branch of economics that studies how the economy behaves as a whole, in totality. As compared to microeconomics which is concerned with individual economic units such as […]

Public Expenditure is an important concept in Economics. Lets take a closer look at its causes and important principles. What is Public Expenditure? Public expenditure is the expenditure incurred by the central, state and local governments to satisfy the common wants of people such as education, health, administration, defence, infrastructure (roads, trains) etc. Most of […]

Micro-Market in Retail A micro market is an unmanned retail space where individuals can purchase food and beverages. Micro markets can include a wide variety of fresh and healthy items that are restocked regularly. They are popular additions to employee break rooms, where they can be custom-fit to the size and shape of the area […]