21st January 2021
Ricardo’s Theory of Comparative cost advantage, Gain from Trade
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce…
Study BBA, BMS, B.Com Syllabus wise Notes
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce…
A multinational corporation (MNC) is a company that operates in its home country, as well as in other countries around…
The terms of trade refer to the rate at which one country exchanges its goods for the goods of other…
The Heckscher–Ohlin model (H–O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil…
It is said that an internal debt has no direct money burden since the interest payment on debt and the…
Government’s fiscal policy has big role in stabilizing the economy during business cycles. The two important phases of business cycles…
Fiscal Policy is changing the government’s budget to influence aggregate demand. i.e., changing taxes and spending. These are intentional government…
In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare.…
Fiscal policy is an integral part or organ of public finance. In ordinary words, fiscal policy refers to a policy…
Fiscal responsibility implies a government pursues the appropriate level of government spending and tax to: Maintain sustainable public finances. Ensure…