Indigo was cultivated by persuading farmers to plant indigo instead of food crops. To facilitate this the British provided loans called dadon at... View Article
Measurement of Purchasing power parity (PPP) is done by estimating the values of a basket of consumer goods that are found in different nations.... View Article
The quantity of services and goods that can be purchased with a monetary unit is known as the purchasing power of money. You can read about the... View Article
For measuring overall well-being, Purchasing Power Parity (PPP) is considered as a good indicator. China has the highest GDP (PPP). You can read... View Article
The PPP of Indian rupee per US dollar at GDP level was 20.65 in 2017. In terms of Purchasing Power Parity, India is the world’s 3rd largest... View Article
It helps in comparing living standards between different countries and estimate the economic productivity. You can read about the Methods of GDP... View Article
Purchasing Power Parity (PPP) is a measurement of prices in different countries. It is to understand the absolute purchasing power of a nation's... View Article
As per a methodology approved by the Union Cabinet, the income limit was Rs 27,000 per annum for households to qualify as beneficiaries under... View Article
As per one of the recent studies, it is estimated that 23 crore people in India are earning less than Rs 375 per day.You can read about the Main... View Article
In urban areas it is 1,286 Indian rupees, and in rural areas it is 1059.42 Indian Rupees per month.You can read about the Main Causes of Poverty... View Article
Subprime mortgage crisis, loose lending standards in the housing market, lack of strong watchdogs.You can read about the Balance of Payment... View Article
The economic stimulus packages helped in ending the financial crisis.You can read about the Balance of Payment Crisis, 1991 - Causes and Measures... View Article
Increasing number of borrowers were unable to repay their loans and the prices of houses in the US started to fall. These factors played a big... View Article
Money multiplier would decrease when the money lent by the banks is less. You can read about the Money Supply in Economy - Types of Money,... View Article
Tourism multiplier effect indicates how many times the money spent by a tourist circulates in the country’s economy. You can read about the... View Article
Money Multiplier = 1/LRR is the relation between LRR and money multiplier. LRR is the legal reserve ratio. You can read about the Money Supply in... View Article
The different types of multipliers in economics are the Fiscal multiplier, Keynesian multiplier, Employment multiplier, Consumption multiplier... View Article
Multiplier = 1/(1-MPC) is the Keynesian multiplier formula. MPC is marginal propensity to consume.You can read about the Money Supply in Economy... View Article
For example, if the commercial banks gain deposits of $ 10 million and this leads to a final money supply of $ 100 million,the money multiplier... View Article
