Difference between Revenue Expenditure and Capital Expenditure with Examples
Revenue expenditure and capital expenditure are the two types of ‘Public Expenditure‘ which is incurred by the Government on various …
Economy
Objectives and Functions of NITI Aayog, Composition & Structure
National Institution for Transforming India (NITI) Aayog is a policy think tank of the Government of India that provides critical, …
What is the Lewis Growth Model in Economic Development?
The Lewis Growth Model speaks of structural changes in the economy and is based on the use of an unlimited …
Business Cycle explained with Expansion, Recession, Depression and Recovery
A business cycle, also known as an ‘economic cycle’ or ‘trade cycle’ is the alternate expansion and contraction in overall …
Difference between Repo Rate, Reverse Repo Rate and Bank Rate
Repo Rate and Reverse Repo Rate are the two instruments of Liquidity Adjustment Facility (LAF) which allows banks to borrow …
Types of Unemployment in India [UPSC Economy Notes]
Unemployment represents the number of people in the workforce who want to work but do not have a job. It …
Difference between Demand Liabilities and Time Liabilities of Banks
Demand liabilities are the deposits received by banks which they have to pay when demanded by the depositors. For example, …