Personal Income: A Concept of National Income Accounting
Personal income consists of wages, salaries, interest payments received, dividends (i.e. distributed trading surpluses) and the estimated value.of subsistence farming.
Finance
Concept of Consumption, Saving & Investment Functions
In this article, you will learn about the concept of consumption function which is based on Keynes’ psychological law of consumption. In particular,
Public Finance
The objective of this study session is to expose you to the introductory concepts in Public Finance and thereby ensuring that you are acquainted with the three theories
Public Finance & Musgrave’s Theory
According to Musgrave, Public Finance deals with the economics of Public Sector. This includes not only its financing but its entire bearing
Monetarist & New Quantity Theory Of Money
The monetarist believe in supremacy of money i.e. money answers all things and that money is the only regulatory instrument in any economy and it is also