Revenue deficit
Ajit Kumar When revenue expenditure is greater than the revenue receipts of the government, it is called Revenue deficit.It does not include Capital receipt and capital expenditure. Revenue deficit = Revenue expenditure…
Ajit Kumar
budget expenditure
It refers to estimated expenditure of the government on its development and non-development programme or its planned and non-planned programme during a particular fiscal year. Budget expenditure refers to the…
Budget
A budget is a financial plan that outlines the estimated income and expenses over a specific period, typically on a monthly or annual basis. It serves as a tool for…
Methods of Credit Control
Credit control refers to the various measures taken by a central bank or monetary authority to regulate and manage the availability, cost, and use of credit in an economy. Effective…
Understanding Monetary Policy: A Key Tool for Economic Stability
Monetary policy refers to the actions and tools that a country’s central bank or monetary authority uses to control and regulate the money supply and interest rates to achieve specific…
Understanding the Investment Multiplier
The investment multiplier, also known as the expenditure multiplier or simply the multiplier effect, is an economic concept that measures the impact of changes in investment spending on overall economic…
Understanding Say’s Law of Market
Say’s Law of market is an economic principle that asserts that production is the source of demand. According to this law, the ability to demand goods and services is derived…
Understanding Behavioral Finance: Decoding the Role of Psychology in Investment Decisions
When it comes to investing, many people believe that it is a purely rational and logical process. However, behavioral finance tells us a different story. It explores the role of…
Voluntary Unemployment
What is Voluntary Unemployment? Voluntary unemployment refers to a situation in which individuals who are capable of working and actively seeking employment choose not to work for various reasons, often…
Autonomous Investment
Autonomous investment, also known as exogenous investment or induced investment, is a concept in macroeconomics that refers to a type of investment that is not influenced by changes in the…