Introduction: Monetary Economics is a branch of economics that provides a framework for analyzing money and its functions as a medium of exchange, store of value and unit of account. It examines the effects of monetary systems including regulation of money and associated financial institutions. Money 1 Meaning: Money is anything that is generally accepted […]
Tag: download school books free
Income, Savings And Consumption – Economic Study Material
The consumption function or propensity to consume refers to income consumption relationship. It is a “functional relationship between two aggregates viz., total consumption and gross national income.” Symbolically, the relationship is represented as C= f (Y) Where, C = Consumption Y = Income f = Function Thus the consumption function indicates a functional relationship between […]
Methods of measuring national income – Labour Income, Capital income – StudyMaterial
Methods of Measuring National Income All goods and services produced in the country must be counted and converted against money value during a year. Thus, whatever is produced is either used for consumption or for saving. Thus, national output can be computed at any of three levels, viz., production, income and expenditure. Accordingly, there are […]