Economics 6
Explain the Keynes savings and investment theory.
Introduction: Saving function is the counter part of consumption function because S=Y-C. Therefore S=f(Y). Saving means…
Explain the liquidity preference theory of interest?
Introduction: J.M Keynes created the theory of liquidity preference theory of interest to explain the role…
Explain Keynesian psychological law of consumption.
Introduction: The Keynesian concept of consumption function stems from the fundamental psychological law of consumption which…
Explain the classical theory of employment.
Introduction: The classical economist believed in the existence of full employment in the economy. To them…
Explain the importance of estimation of national income.
Introduction: The estimation of national income refers to the process of calculating the total economic output…
Explain the precautions in the estimation of national income.
INTRODUCTION: The estimation of national income refers to the process of calculating the total economic output…
What is Macro economics? explain the merits and demerits.
Meaning: Macro economics is that branch of economics which deals with the study of aggregate or…
Explain the features of Macro economics.
Introduction: Features of macro economics is the important part of study of macro economics. Macroeconomics is…
Explain the Keynes multiplier theory.
Multiplier meaning: The multiplier refers to the effect of changes in investment outlays on aggregate income…
What is Social Accounting? Explain its Need.
Social Accounting Meaning: Social accounting meaning, is nothing but national income accounting or social and environmental…