Taxes Taxes are the compulsory payments done by the public to the government. The government uses the money received for public welfare. Taxes can be levied only by the appropriate government. There are mainly 2 types of …
Showing posts with the label economicsShow all
What is Supply? Supply is the willingness to sale and commercial ability to sell goods and services at given a price and a given period of time is known as supply. When we talk about supply first thing comes under our thou…
What is Change in Quantity demanded? Change in quantity demanded means when demand changes due to its own price keeping other factors constant. It is also known as movement along the same demand curve. 1.contraction in dema…
What is Elasticity of Demand? The degree of responsiveness of change in quantity demanded due to change in price of a commodity, income of consumer or price of related goods. There are 3 type of elasticity of demand. 1.…
What is Demand? Demand is willingness to purchase and financial ability to purchase goods and services at given a price and a certain period of time is known as demand. When we talk about demand first thing comes under our t…
Taksal(Mint) In India, all legal currency is issued by RBI (Reserve Bank of India) except all coins and 1 rupee note which are issued by mints it is also popularly known as taksal. Taksal comes under the control of central …
Economics Economics is basically the study of wealth.The word economics is derived from 2 Greek words Oiko nomia. Oiko means household and nomia means management so economics is related to the management of the house…
Money Money is can be anything which is generally accepted by people as mediam of exchange, measure of value, store of value and standard of deferred payment. What if there were no money? There were a time whe…
.png)
