Economics & The Economy Articles - Page 8 — Knoji
Airfare Daily Deals eCigarettes Eyeglasses Hotels Jewelry Online Backup Online Dating Online Printing Online Tickets Skin Care Textbook Rentals Vitamins Web Hosting Weddings
Find thousands of shopping-related forums
SEARCH
Q&A
Get true answers from experts in Economics & The Economy.
Primary Functions of money The following are the primary functions of money which it has to perform: — 1. Medium of Exchange. Under the barter economy, people felt many difficulties and inconveniences. Money has solved all these difficulties. There is no necessity for a double coincidence of wants in a money economy. Money serves as a very convenient medium of exchange.
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +1 votes | 1 comments
Meaning of Money What is Money? Money has been elaborated in different ways. Some say, 'Money is that money does' (Walker). In general, anything that executes the utilities of money is the meaning of money. In the broad sense, the expression 'money' embraces all forms of exchange—silver, gold, copper, commercial bills of exchange, cheques, paper, etc.
Published by Niitesh Mundra 73 months ago in Economics & The Economy | +3 votes | 0 comments
International Measures to control trade cycle Trade cycle is a global experience and no nation is hermetically preserved from the rest of the globe. The measures recommended to be implemented on an international level are: International Buffer Stocks, International Production Control, and International Investment Control. International Production Control visualizes organization of production as well as prices of the significant principal goods.
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +2 votes | 0 comments
State Control of Investment In recent years, the economists have been advocating something farther than direct public investments for the purpose of counteracting business fluctuations. They urge that private investment should also be effectively controlled by the State for the same purpose. Control of private investment in certain countries dates from the thirties when it was adopted as an emergency measure.
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +0 votes | 0 comments
Monetary Policy vs. Fiscal Policy Monetary Policy A country must always prepare and pursue a suitable monetary policy to evade the incidence of booms as well as slumps. If they still come about, monetary weapon must be wielded to mitigate their severity and also to restore economic stability as early as possible.
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +0 votes | 0 comments
Measure to control trade cycle / measure for economic stabilization Lack of unanimity as to the policy to be followed in a crisis is even more marked than the lack of unanimity about the causes thereof. For a complicated malady no simple remedy can be prescribed. Most of the economists are agreed that under the existing economic order crises are unavoidable; you can only delay them or mitigate their severity when they come. We need, therefore, two sets of measures: the preventive and the cura...
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +1 votes | 0 comments
Limitations of the Acceleration Principle The principle of acceleration has come in for a good deal of criticism in recent years. For example, it has been pointed out by Kaldor that we cannot assume a constant value of the accelerator throughout the trade cycle, that it is not true that an increase in demand of 100 rupees must always give rise to an increase in investment of 300 rupees (as in our example).
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +0 votes | 0 comments
Principle of Acceleration When a preliminary investment of Rs. 100 leads to an increase in revenue by 400 rupees, people's expenses as well increases by a corresponding quantity. This will encourage them to use extra income on services and goods. When the order for products increases, at the start this will be congregated by overburdening the present machinery.
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +0 votes | 0 comments
Keynes Trade Cycle Theory or Keynes General theory In explaining what determines at any time the prevailing level of income, output and employment, Keynes's General Theory also provides an explanation of business cycle, because the business cycle is nothing more than a rhythmic fluctuation in the overall level of income, output and employment.
Published by Gazu Lakhotia 73 months ago in Economics & The Economy | +1 votes | 0 comments
Over- investment Theory of trade cycle Various theories have been put forward by various economists explaining trade cycle. One such theory propagated is the over-investment theory. The article is an effort to highlight the characteristics of the over-investment theory and explain it in simplified form.
Published by Gazu Lakhotia 74 months ago in Economics & The Economy | +0 votes | 0 comments
Theories of trade cycle Under-consumption Theory In this theory, throughout the boom phase there is a great deal of saving and extra accompaniments to saving decrease the intensity of consumption. A diminution in the intensity of consumption, in the countenance of growing industrious capability, must earlier or shortly lead to the fall down of the boom.
Published by Gazu Lakhotia 74 months ago in Economics & The Economy | +1 votes | 0 comments
Important Features of Trade Cycles 1. A business cycle is a wave-like movement. It is characterized by alternation of expansion (or prosperity) and contraction (or depression) in economic activity. A period of prosperity is followed by a period of depression, and vice versa.
Published by Gazu Lakhotia 74 months ago in Economics & The Economy | +0 votes | 0 comments
Characteristics of a Trade Cycle The world has registered remarkable economic progress especially during the last 150 years. But it would be wrong to think that this economic progress has been a steady upward swing and a continuous movement forward. On the other hand, every businessman knows that, after ten or twelve years, the business receives a rude shock which throws it out of gear for a number of years.
Published by Gazu Lakhotia 74 months ago in Economics & The Economy | +1 votes | 0 comments
Phases of a Trade Cycle Let us briefly trace the phases or the course of a trade cycle. Depression We might set up at a position when commerce is at the lowest recede and depression is prevailing all round. The fortunate ones who are working get terrifyingly low income.
Published by Gazu Lakhotia 74 months ago in Economics & The Economy | +0 votes | 0 comments
Practical Importance of the Keynesian Revolution Conclusion We, thus, see that Keynesian theory has exercised tremendous influence not only on economic theory but also on economic policy. We find today, on the one hand, economists conducting economic analysis on the basis of Keynesian theory (in fact Keynes has given birth to what is called Keynesian Economics) and, on the other, the governments are increasingly relying on Keynesian economics for the solution of their economic problems.
Published by Gazu Lakhotia 74 months ago in Economics & The Economy | +1 votes | 0 comments
1 2 3 4 5 6 7 8 9 10 >>