Indian Economy And Various Sectors of the Economy

In the first five decades of the twentieth century, till we got our independence in 1947, the per capital GDP in India was stagnant. The trend growth in GDP during this period was 0.9% with population growing by about 0.8%. The average growth rate of the Indian economy over period of 25 years...

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Business Cycles

The term Business cycle or economic cycle refers to economy-wide fluctuations in production or economic activity over several months or years. The cycles affect not only the economy in general, but each individual business firm. Characteristics of Business Cycles 1.      ...

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Theories Of Interest

Ø  Interest is a payment made by a borrower for the use of a sum of money for a period of time.Ø  It is one of the four types of income, the other being Rent, Wages & profit. Ø  Three elements can be distinguished in interest: 1.  Payment for the risk involved in making...

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