What is Public Finance and Difference it from the Private Finance
Public Finance :- Public finance deal with the income and expenditure of the state. The study of public finance can …
Public Finance :- Public finance deal with the income and expenditure of the state. The study of public finance can …
Export Performance :- After partition the foreign trade of Pakistan was also affected like other sectors of the econom…
GRESHAM'S LAW :- Definition of Gresham's Law : " When bad money and good money both are circulating…
MEANING OF DEVALUATION : It means to depreciate the value of domestic currency interms of foreign currencies. Fo…
MEASUREMENT OF THE CHANGING VALUE OF MONEY :- The value of money has opposite relation with the price level in the c…
QUANTITY THEORY OF MONEY :- Professor Taussing has defined it in the following words : "Double the quantity o…
We read types or kinds of inflation on the the basis of rate and stages or degree under these headings : 1. CREE…
STAGFLATION :- It is a combination of stagnation and inflation. In this situation rate of unemployment is very hi…
INFLATION :- Kent says " Inflation is nothing more than a sharp upward movement in the price level. Keynes sa…
INFLATION :- According to Gardner Ackely " A persistent and appreciable rise in the general level of prices i…
The study of economic development has attached the attention of economists right from Adam Smith down to keynes. th…
Factors of Economic Development :- There are various factors which are responsible for economic development in any cou…
If the under developed countries adopt the following policies, they can remove the obstacles and can break the vicious …
Vicious Circle of Poverty :- The people in the less developed countries have low per capita income. Having low income…
SOCIAL OBSTACLES Following are the important social obstacles in the way of economic development : 1. Joint Family S…
Developing Economy :- According to Prof. Nurkse, "Under developed countries are those which when compared with th…