Books for Micro Economics (UG and PG)
Following are the recommended books for basic as well as advanced understanding of Microeconomics. This list will be updated from …
Factors of production
Factors of production have been classified into four categories: land, labour, capital and entrepreneurship. Land in economics means all the …
Recommended Books for NTA-NET Economics
Following are the recommended books for NTA-NET preparation for Economics. One single book cannot be recommended for the preparation of …
Median: Formulas for Individual, Discrete and Continuous Series
1. Median for Individual Series In an individual series, data is ungrouped and needs to be arranged in ascending order. …
Arithmetic Mean: Formulas for Individual, Discrete and Continuous Series
1. Arithmetic Average in Individual Series Direct Method \[\bar{X} = \frac{\sum X}{N}\] Where; = Arithmetic Mean \(\sum {X}\) = Sum …
Central Problems of an Economy
The scarcity of resources relative to human wants gives rise to various basic problems, issues, or questions that must be …
Monetary and Fiscal Policies – Meaning and Objectives
No modern economy can function smoothly without effective macroeconomic policies. Among these, monetary policy and fiscal policy are the two …
Definition and Scope of Statistics
Statistics is one of the most crucial branches of knowledge in modern education and research. It is often said that …
Tax: Direct and Indirect Taxes
Introduction Taxation is a fundamental concept in economics and public finance. For students, understanding what taxes are, their types, and …
Balance of Payment: Meaning and Components
Every country import from other countries the goods that cannot be produced at all in the country or can be …