I am a Ph.D. Research Scholar (Economics) and also work as an Assistant Professor (Economics). The primary motive of this website is to help students of economics for a better understanding of the subject. I hope this website will help you....
The classical theory of employment is based on Say’s Law of market. According to this law, “ Supply creates its own demand”. J.B.Say a French Economist propounded this law and according to this law, there can never be general overproduction and...
Establishment of development financial institutions: For providing long-term funds to industry, Government of India established many financial institutions i.e., IFCI (1948), ICICI (1955), IDBI(1964), IRCI(1971), UTI(1964) etc. Moreover 14 major commercial banks were nationalised in 1969 and another6 banks were nationalised...