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Fiscal Policy
Fiscal Policy, a very vital part of economics, is referred to as the government spending as well as revenue collection of a country. Fiscal Policy has two main instruments that…
Shortcomings of GDP
GDP is the accurate measure of economy it shows how well or how bad the economy is doing. True said, nothing is perfect in the world there are some shortcomings…
Economic Goals
The economic policy is developed in every country to achieve some economic goals. Following are the main economic goals which are widely known in the world. Economic Growth – Increase…
GDP – Gross Domestic Product
The widespread measure of the total output in a country’s economy is called GDP (Gross Domestic Product). GDP is basically a measure of the market value of all services and…
CPI – Consumer Price Index
Consumer Price index(CPI) is the average price of product and services purchase by the consumers. Where The GDP price index measure the rate inflation of all products and services on…
Economics
Even though we might not have any idea of what actually economics is, but we do know that the resources in our world are limited and so, we are forced…
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