.

Economy

All the major topics of economy are covered here.

What is IPR? WIPO| TRIPS

WIPO, TRIPS, and IPR What is IPR? IPR refers to the creations of minds such as inventions, literary and artistic work, designs and symbols, names, and images in commerce. Rights on IPR means providing property rights through patents, copyrights, and trademarks. The importance of IPR was first recognized in the Both are administered by the […]

What is IPR? WIPO| TRIPS Read More »

Priority Sector

Difference between tight and loose monetary policy| Contractionary Monetary Policy| Expansionary Monetary Policy| Important Points

What is Tight Monetary Policy? Tight Monetary Policy also known as contractionary monetary policy is focused on contracting (decreasing) the money supply in an economy. A contractionary monetary policy is implemented by increasing key interest rates thus reducing market liquidity (money supply). Low market liquidity usually negatively affects production and consumption. This may also have a negative

Difference between tight and loose monetary policy| Contractionary Monetary Policy| Expansionary Monetary Policy| Important Points Read More »

Lorenz curve

Top 4 Important curves in Economics| (Lorenz curve, Kuznets curve, Laffer curve, Philips curve)

List of Important Curves In Economics : Lorenz Curve Lorenz Curve is a graphical distribution of wealth. It shows the proportion of income earned by any given percentage of the population. It was developed by Max Lorenz in 1905. The cumulative percentage of income is measured on the Y axis and the cumulative percentage of

Top 4 Important curves in Economics| (Lorenz curve, Kuznets curve, Laffer curve, Philips curve) Read More »

Budget | Important Concepts

Indian Budget The Constitution refers to the budget as the ‘annual financial statement’. In other words, the term ‘budget’ has nowhere been used in the Constitution. It is the popular name for the ‘annual financial statement’ that has been dealt with in Article 112 of the Constitution. The budget is a statement of the estimated

Budget | Important Concepts Read More »

Scroll to Top