Macroeconomics explained in 9 simple points!

1. The word Macro has been derived from the original Greek word 'Makros' 2. It studies in aggregate or uses the aggregate approach of study 3. It studies the factors in total and thus is termed as Aggregative Economics 4. For e.g. Aggregate Demand, Aggregate Supply, National Income, Aggregate Saving, National Output, Aggregate Investment. 5. …

Microeconomics Explained in 8 simple points!

1. Microeconomics has been derived from the Greek Word 'Mikros' 2. It studies individual entities or takes individual approach to study the economic factors 3. It studies each unit in detail for e.g : Individual Demand, Individual Supply, Individual Income, Individual Saving, Individual Output, Individual Investment, Profit & Loss of one particular company. 4. One …

What is Economics, its main types and what does it relate to?

Economics is basically the study of scarce resources and their distribution in the society and world at large. In today's terms, the discipline is mainly concerned with the nature and distribution of wealth as a resource. It includes analysis of markets, trends and variety of exchanges which occur between or within nations and is ultimately …

World Population Increase : A few Facts

Population is a worry for many of the countries in the world. The world population is going to grow quite rapidly over the next few decades. The Population Reference Bureau, which is the world’s leading data producer and publisher of population statistics, says that the global population will hit 9.7 billion by 2050.  So why …

The Reserve Bank of India (RBI) Monetary Policy Report – October 2020

The Coronavirus crisis is a long battle being fought by all the nations across the world. RBI's monetary policy report of Oct 2020 has provided a detailed outlook as to where India stands now. Since the month of April, the overall economic structure of the country has collapsed and is still far from a firm …