Economics

How Effective demand increase the level of Employment – Economic Studymaterial

Effective Demand The starting point of Keynes theory of employment and income is the principle of effective demand. Effective demand denotes money actually spent by the people on products of industry. The money which entrepreneurs receive is paid in the form of rent, wages, interest and profit. Therefore effective demand equals national income. An increase […]

BBA management topics Glossary MBA Management Topics

GLOSSARY BUSINESS ADMINISTRATION – Words starts with BU

Words starts with Letter Bu Bubble economy : An unstable boom when the economy experience an unusually rapid growth with rising share prices and increased employment. Budget : Allocation of funds or the estimation of costs a department, project,etc., over a specific period. The management of spending and saving money. Budget : A quantitative expression […]