by kasi | Jul 27, 2010 | Economics
Goods are the products that are made to fulfill the market needs and can be sold by a seller to a buyer for some monetary value. There are two types of goods free good and economic goods. Free goods are those which are not scarce and therefore such good are of... by kasi | Oct 25, 2009 | Economics
Fiscal Policy, a very vital part of economics, is referred to as the government spending as well as revenue collection of a country. Fiscal Policy has two main instruments that are; • Government spending • Taxation. There are certain changes in the composition... by kasi | Oct 18, 2009 | Economics
GDP is the accurate measure of economy it shows how well or how bad the economy is doing. True said, nothing is perfect in the world there are some shortcomings of GDP which are important to consider in the country economy. Non-market Transactions GDP calculate the... by kasi | Oct 17, 2009 | Economics
The economic policy is developed in every country to achieve some economic goals. Following are the main economic goals which are widely known in the world. Economic Growth – Increase in the production of product and services to boost the economy and improve the... by kasi | Oct 16, 2009 | Economics
The widespread measure of the total output in a country’s economy is called GDP (Gross Domestic Product). GDP is basically a measure of the market value of all services and final goods produced in a country during a year. It as well is equal to the sum of the value... by kasi | Aug 30, 2009 | Economics
Consumer Price index(CPI) is the average price of product and services purchase by the consumers. Where The GDP price index measure the rate inflation of all products and services on the other hand CPI indicates the change in consumer prices for the defined time...