3 Important Methods of Calculating National Income (NNPfc)
The three important methods of calculating national income are as follows:-
Product Method or Value Added MethodIncome M…
Understanding the concept of Balance of Payment (BoP)
A balance of payment refers to the statement of accounts recording all economic transactions of a country with the rest…
What is Market? Meaning and Forms of Market- Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly.
What is a market? Ordinarily, an individual would answer this question pointing to a shopping complex. But, for a stude…
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