Category: Economy

  • An Unemployment or Joblessness

    Unemployment or joblessness

    Unemployment or joblessness occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. According to International Labour Organization report, more than 6% […]

  • Disinvestment

    Disinvestment

    Disinvestment, which is the dilution of the government’s stake in public sector units, is a policy pursued by the government for bridging the fiscal deficit, raising capital for expansion and growth, repayment of debt and also funding the government’s social welfare programs. A comprehensive policy on public sector was set out in the Industrial Policy […]

  • 14th Finance Commission

    finance commission

    The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the center and the state. The Finance Commission Act of 1951 states the terms of qualification, appointment, and disqualification, the term, eligibility and powers of the Finance Commission. […]

  • Elements of Economics

    elements of economics

    Economics is the science which studies human behaviour and aims at meeting maximum objectives with the help of limited resources. It is the art and science which deals with the economic problems of the people living in a society. Economics, as applied to industrial undertaking has two main divisions: Micro Economics Macro Economics Microeconomics can […]

  • History of Money

    History of Money

    Today we take money for granted. We use coins, bills, checks, and credit cards without giving them a second thought. We depend on our money to hold its value and to buy things for us when we need them. The history of money spans thousands of years from bartering and the first coins to credit cards […]

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