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Monetary Policy
Meaning of Economic Growth: The primary function of an whether socialist or capitalist is to satisfy people maximum wants. It must produce consumer goods to make high standard of living for the people a reality. In a free market economy, there is enough sense in saying that consumer is the king because it is he who determines the types and the quantities of goods which the producers would produce in the economy. In a totalitarian economy, the situation is however, different. there the decision regarding what and tow much is to be produced are taken by the few top government officers representing the omnipotent state. The credit mechanism can help in facilitating to achieve this in the economy. Money is the means to achieve an end. Economic growth does not mean higher money income without being accompanied by higher real income. Economic growth means both quantitative and qualitative increase in the quantity of both the goods and services produced in the economy annually.
In short growth means three things. Firstly, it implies an increase in the total physical or real output in the economy. Secondly, the composition and quality of the goods and services produced due to growth should satisfy consumer wants because in the ultimate analysis satisfaction of human wants is the end all economic activities. Thirdly, economic growth should be achieved within the framework of economic freedom. Broadly speaking, economic growth implies sustained increase in the per capital real income. This does not, however mean that economic growth as an objective of monetary policy excludes consideration of important issues like the composition of output between the consumption and the investment goods and the distribution of national income between the different functional classes in the economy.
Firm and industry supply schedules The plan or table of possible quantities that will be offered for sale at different prices by individual firms for a commodity is called su
Using the same simple macro model we developed in Module 2: a. Show what will happen to national income (GDP) if the administration implements another $100 (billion) stimulus s
encrimetal concepts
Factors affecting the total market demand These are broadly divided into the determinants of demand and conditions of demand. (a) Own price of the product This
DIRECT TAXES A direct tax is one where the impact and incidence of the Tax is on the same person e.g. Income Tax, death or estate duty, corporation taxes and capital gains
construct a decision tree for the baked potatoes outlet using sales per day, number of days that quantity is sold together with selling prices per unit and average costs
Q. What do you mean by External Economies? External economies arise outside the firm as a result of improvement in industrial environment in that the firm operates. They are ex
CAPITAL ACCOUNT This records all transactions arising from capital movements into and out of the country. There are a variety of such capital flows recorded, namely: i.
I have a research paper that is due, my schedule is so full that I need assistance due to overload are you interested in the research paper? course - managerial economics TEXT: Man
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu
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