Revenue expenditure and capital expenditure are the two types of 'Public Expenditure' which is incurred by the Government on various…
National Institution for Transforming India (NITI) Aayog is a policy think tank of the Government of India that provides critical,…
The Lewis Growth Model speaks of structural changes in the economy and is based on the use of an unlimited…
A business cycle, also known as an 'economic cycle' or 'trade cycle' is the alternate expansion and contraction in overall…
Repo Rate and Reverse Repo Rate are the two instruments of Liquidity Adjustment Facility (LAF) which allows banks to borrow…
Unemployment represents the number of people in the workforce who want to work but do not have a job. It…
Demand liabilities are the deposits received by banks which they have to pay when demanded by the depositors. For example,…