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Concept of Economics 4th Assistant Economics Notes

Concept of Economics Oikos means household and Nomus means system of management. The word "Economics" is derived from oikonomus, which means household management.

Difference Between demand-pull inflation and cost-push inflation, which is more harmful to the economy and why?

Difference Between demand-pull inflation and cost-push inflation, which is more harmful to the economy and why? Demand-pull inflation: Inflation caused by an increase in aggregate demand. cost-push inflation: Inflation resulting from an increase in production costs...

Major Highlights of Fiscal Policy (Budget ) 2080/81

Major Highlights of Fiscal Policy (Budget ) 2080/81 1 % percent of the capital budget on research, innovation, and invention: 2080/81 is to be celebrated as "Youth Entrepreneurship...

Monetary Policy and its Highlights of Fiscal Year 2080/81

Monetary Policy and its Highlights of Fiscal Year 2080/81 The policy rate maintained at 6.5 percent. The bank rate remains unchanged at 7.5 percent. The deposit collection rate has been reduced ...

Cost and Revenue Curve

Cost and Revenue Curve The total fixed cost is the expenses made on fixed factors of production in the production process, for example rent, salaries paid for permanent staff etc., Average Revenue (AR)= Total Revenue/Quantity Sold AR=TR/Q, Average Cost (AC)= Total Cost (TC)/Quantity (Q), Marginal Revenue (MR)=Change in To...

Market Efficiency and Role of Government

Market Efficiency and Role of Government Market efficiency is the condition were, the maximum amount of goods and services are being produced... | Consumer Surplus = Value to Buyer – Amount Paid by Buyer | Consumer Surplus + Producer Surplus = Total Surplus | Total Surplus = Value to Buyer – Cost to Seller |

Difference between market failure and government failure?

Difference between market failure and government failure? Market Failure: Inefficient allocation of resources due to individual self-interest leading to suboptimal outcomes....|Government Failure ...

Concept of Economics

Concept of Economics As per Adam Smith,” Economics is an inquiry into the nature and causes of the wealth of nations”, Alfred Marshall, emphasizes the study of mankind in relation to wealth...

Define Neutral Fiscal Policy and how does it work in economy.

Define Neutral Fiscal Policy and how does it work in economy. Neutral fiscal policy refers to a situation where the government's fiscal stance (spending and taxation policies) neither stimulates nor restrains economic growth. a neutral fiscal policy works in the economy: Balanced budget, Automatic stabilizers, Minimal distortions...

What are the causes of Inflation in Nepal?

What are the causes of Inflation in Nepal? Nepal faces inflation due to a combination of internal and external factors. key contributors: Increased government spending...