Applied Economics
An exchange rate is a rate at which one currency can be exchanged for another. …
Applied Economics
Business cycles are those fluctuations which recur in the aggregate economic ac…
Applied Economics
Consumption is defined as the amount spent by people for buying goods and servi…
Applied Economics
Keynes’ theory of employment is a demand-deficient theory. This means that Keyn…
Applied Economics
National income is the sum of the income of all individuals in a certain period…
Applied Economics
Factors of production can be defined as inputs used for producing goods or serv…
Applied Economics
The price of a product is influenced by a number of factors, such as manufactur…
Applied Economics
Production is a process of combining various inputs to produce an output for co…