Ajit Kumar Consumption function
It is the function that represents the relationship between consumption and income. It depicts a positive relationship between the two…
Law of consumption
This law was introduced by the renowned economist Keynes. This law states that, with an increase in income, the consumption…
Circular flow of income
When a producer produces a product or service with the help of different factors of production like labour, capital, land,…
Difference between Capital Goods and Consumer Goods
Capital Goods Consumer Goods 1. These goods are used by producers as a part of the production process.2. These goods…
Classification of goods
1. Consumption Goods : These are the goods which are directly consumed by a buyer/consumer. For example Butter, bread, vegetables,…
Macro Economics
Macroeconomics deals with the aggregate of systems of the economy. For example, aggregate demand, aggregate supply and Gross domestic product…
Understanding the Basics of Macro Economics
theamitkumar Macro economics is a branch of economics that studies the behavior and performance of an economy as a whole. It…