GOVERNMENT EXPENDITURE Government expenditure refers to total expenses incurred by the public authorities at the federal, state and local government […]
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GOVERNMENT REVENUE
STRUCTURES OF GOVERNMENT REVENUE Public revenue refers to the total income that accrues to the government of a country from […]
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TAX– features and types
Tax is a compulsory levy imposed by the government or its agency on individuals and firms or on goods and […]
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PUBLIC FINANCE
Public finance is an aspect of economics which deals with government revenue and expenditure. A public finance involves a detailed […]
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DEFLATION TYPES AND EFFECTS
Deflation refers to a persistent fall in the general price level of most goods and services. Since price falls, the […]
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INFLATION TYPES, CAUSES AND CONTROL
Inflation – types, causes and control Inflation refers to a persistent or sustained rise in the general price level of […]
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CAPITAL MARKET
The capital market is made up of financial institutions which deal in long term financing. The capital market provides medium […]
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MONEY MARKET
The money market is a financial market made up of institutions which provide short-term finance for investments. They bring short […]
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QUANTITY THEORY OF MONEY
Quantity Theory Of Money This theory in its earnest form states that an increase in the quantity of money would […]
The law or theory or principle of comparative cost advantage propounded by David Ricardo in 19th Century, states that a country […]