UNIT-1
Economics 6
What is circular flow of national income. explain the flow in two sector, three sector, and four sector economy.
Introduction: In an economy goods and services and factor services are being constantly exchange between different…
Economics 6
What is Macro economics? explain its merits and demerits.
Introduction: Macro economics is a branch of economics that deals with the study of aggregate or…
Economics 6
Explain the importance of estimation of national income.
Introduction: The estimation of national income refers to the process of calculating the total economic output…
Economics 6
Explain the precautions in the estimation of national income.
INTRODUCTION: The estimation of national income refers to the process of calculating the total economic output…
Economics 6
What is Social Accounting? Explain its Need.
Social Accounting Meaning: Social accounting meaning, is nothing but national income accounting or social and environmental…
Economics 6
What is Macro Economics? Explain its Uses and Limitations.
Macro Economics uses and limitations: Uses and Limitations: Before going to the uses we study first…