GDP and Its Approaches

What is the Gross Domestic Product (GDP)? Have you Ever thought how an economic activity is measured in a country? And what about the resources being utilized and the production being made within a country .  Well ! There are tools. And one of the tools is GDP ,...

Types of Goods

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...