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Unit XIII: Economics of Development - Applied Economics
Economic development is the development of the economic wealth of cou…
Unit XII: Macro Stabilizing Policies - Applied Economics
Macroeconomic stabilization is a condition in which a complex framewo…
Unit XI: The Mechanism of Foreign Exchange - Applied Economics
An exchange rate is a rate at which one currency can be exchanged for…
Unit X: Business Cycle - Applied Economics
Business cycles are those fluctuations which recur in the aggregate e…
Unit IX: Consumption, Saving and Investment Functions - Applied Economics
Consumption is defined as the amount spent by people for buying goods…
Unit VIII: Theory of Employment - Applied Economics
Keynes’ theory of employment is a demand-deficient theory. This means…
Unit VII: National Income - Applied Economics
National income is the sum of the income of all individuals in a cert…
Unit VI: Factor Pricing - Applied Economics
Factors of production can be defined as inputs used for producing goo…