Economic reforms: Meaning, Definition, Need, and Achievements
Economic reforms in India – Introduction; The performance of the Indian economy within the last decade has been…
Economic Environment: Liberalization, Privatization, and Globalization
What is Economic Environment? The totality of economic factors, such as employment, income, inflation, interest rates, productivity, and…
Economic System: Capitalism, Socialism, and Communism
The economic system divides into three groups; capitalism, socialism, and communism. The scope of private business and the…
Microeconomics and macroeconomics in what kind of difference between?
Macroeconomics and microeconomics, and their wide array of underlying concepts have been the subject of a lot of…
Difference between Positive and Normative Economics
Positive and Normative Economics: Economics is often divided into two major aspects – positive and normative. Positive economics…
Economic Laws: Meaning, Definition, Features, Nature, and Limitations
What does mean Economic Laws? The Generalization or Law is the establishment of a general truth on the basis…
Difference between Traditional and Managerial Economics
The primary difference between Traditional Economics and Managerial Economics; First, the Traditional economy is an original economic system…