Macroeconomics has a lot of diverse concepts. One of these is the Aggregate Demand. If you have gone through microeconomics,…
Nominal GDP Nominal GDP is simply the value of all final goods and services produced in a country or in…
What is the Gross Domestic Product (GDP)? Have you Ever thought how an economic activity is measured in a country?…
The expression of a complete proposition by smallest grammatical unit is known as clause. Basically, a clause contains both predicate…
In one liner Progress tax is the tax with the increasing tax rate on different slabs and Proportional tax is…
Islam provides a complete and simple economic system which is the best alternative for both capitalism and socialism. It has…
The above maxim reveals the secret success of life. One cannot achieve anything until and unless he/she strives for it.…
Poverty has many causes and most of these are nearly same all around the world. Inadequate infrastructure, health and education…
The above maxim reflects the true spirit of wisdom. It is better to listen from intellectuals than to speak unnecessarily.…
Capitalism is the most common and modern social system, widely acceptable by advance economies. This system advocates for the principle…