Each man is the architect of his own destiny

It is fact that destiny of man depends upon his own self. Most of the people are fatalistic, who believe in external factors to make or ruin their destiny. Whether it is good luck or jinx they strongly believe in external factors in shaping their fortune. Actually it...

Do We Live Better Than Our Forefathers

As soon as we emerged into the new era, the things developed rapidly. We have advanced technology, communication skills, transport, business and new equipments in every walk of life. Advanced media has made our lives comfortable but such advancements were absent in...

Inflation – Types and Causes

Inflation is an economic condition in which general price level rise, and currency is devalued over a period of time. The value of currency decreases and resulted in erosion of purchasing power. One unit of currency can purchase fewer goods and services. Currently...

Functions of Central Bank

Central bank is an important organization for any country. It performs traditional and developmental role to accomplish macro-economic objectives. This includes currency issuance, regulation of liquidity, supervision of banks and secondary markets, exchange rate...

Difficulties in the Measurement National Income

National Income is a top line figure for the any country’s economy; However, Arranging statistics in a reliable data source need considerable attention and there are some hurdles in measurement of national income. Duplication A major threat to national income...

Unemployment – Types of Unemployment

Unemployment is an economic condition where people willing for job remain unemployed. Unemployment level differs from country to country as per their economic conditions. In developed countries unemployment level is low as compare to developing countries. ...