Tomato prices have skyrocketed in India, reaching as high as Rs 250 per kg in some places. This is due to a number of factors, including a poor harvest, heavy rains, and the ongoing farmer’s protests. The high prices are putting a strain on household budgets and threatening the foodRead More →
What are Regional Trade Agreements? Regional trade agreements (RTAs) are agreements between two or more nations and their governments for doing trade between themselves so that they can import less from countries that are outside their region. The primary purpose of any regional trade agreement is for economic integration andRead More →
What is the meaning of Balance Of Payment (BOP)? Balance of Payment is a statement is a summary of a nation’s economic transactions with the rest of the world for a specified time period. The balance of payments, also known as balance of international payments consists of all transactions between aRead More →
If you are planning to take the UPSC civil services exam – both the prelims and the mains consists of questions related to economics. Economics is also an optional subject for the mains papers. In this article you will get to know the syllabus, topics for economy subject. Paper – I 1.Read More →
What is Economics? Economics is about making choices and allocation of resources. Every day we make so many choices. How much should I spend on food, clothes and accessories? What’s the best car to buy? Where should we go for vacation? What are the benefits of a particular degree versusRead More →
How does inflation affect Foreign Investments? You must be familiar with this term called Foreign direct Investment and then there is another term called Foreign Indirect Investment. So together these two terms form Foreign investments. Let’s get to know the difference between direct and indirect foreign investments. Foreign direct Investment (FDI):- ForeignRead More →
We all are familiar with the terms imports and exports when it comes to international as well as domestic economy. In this article i will tell you how imports and exports affects the economy. Imports are an important indicator and a vital component of the economy. A high level ofRead More →
In any economy, we have three economic agents that play a major role in a country’s economy, they are – Firms, government and household. Let’s first understand the role of a firm. To understand this topic we are going to take an example of a capitalist country. In a capitalistRead More →