NREGA was renamed MGNREGA in 2009 through an amendment made in the National Rural Employment Guarantee Act 2005 to change the nomenclature of the... View Article
The mandate of the MGNREGA is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult... View Article
A household having adult members desirous of seeking unskilled employment in MGNREGA may apply for registration. If an applicant is not provided... View Article
Main features of MGNREGA: Download Now! Gives legal guarantee of wage employment to the adult members of rural households who are willing... View Article
As per Keynes, depressions and recessions are caused by a fall in aggregate demand. When the demand for products falls, the production falls,... View Article
In the 1970s, there was a period of stagflation i.e. higher inflation and higher unemployment which led to heavy criticism of Keynesian... View Article
Monetarist economics can be considered as the opposite of Keynesian economics. It is a direct criticism of Keynesian economics theory by Milton... View Article
In the 1970s, there was a period of slow economic growth accompanied by higher inflation. Until the 1970s, many economists believed that there... View Article
The Simple Keynesian Model emphasizes that a decrease in aggregate demand can lead to a stable equilibrium with substantial unemployment. It is... View Article
The 3 major theories of economics are Keynesian economics, Neoclassical economics, and Marxian economics. Some of the other theories of economics... View Article
Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment. Business and economic growth will be promoted... View Article
In an economic downturn, unemployment can result as the prices and wages can be sticky. The primary cause of a short-run economic event like a... View Article
Keynesian economics is considered a "demand-side" theory that focuses on changes in the economy. During the 1930s in an attempt to understand the... View Article
Henry Dunning Macleod named the law Gresham's law in 1860. He named it after Sir Thomas Gresham. He was an English financier during the Tudor... View Article
If there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity... View Article
Gresham's law will operate or hold good only if certain conditions are fulfilled, hence they are like limitations of Gresham's law. The 3... View Article
The society will be better off when a unit of income is transferred from a richer individual to a poorer individual. This is the Dalton's... View Article
Yes, the Kuznets ratio is Lorenz consistent as it satisfies four properties. You can read about the Kuznets Curve - Explanation of the Kuznets... View Article
