Notes and Study material for Exams
Taxation: The Backbone of Modern Societies Taxation, the compulsory levy imposed by a government on its citizens and businesses, is a fundamental pillar of modern societies. It serves as the primary source of revenue for governments, enabling them to fund essential public services like healthcare, education, infrastructure, and defense. While often viewed as a necessary … Read more
The Tobin Tax: A Controversial Solution to Global Financial Instability? The global financial system, despite its complexity and interconnectedness, is often characterized by volatility and instability. This inherent fragility has been exposed repeatedly, leading to devastating consequences for individuals, businesses, and economies worldwide. In the wake of the 2008 financial crisis, the search for solutions … Read more
Repo and reverse repo transactions The repurchase agreement (repo or RP) and the reverse repo agreement (RRP) are key tools used by many large financial institutions, banks, and some businesses. These short-term agreements provide temporary lending opportunities that help to fund ongoing operations. The Federal Reserve also uses the repo and reverse repo … Read more
The Ways and Means Advances Act: A Deep Dive into its History, Provisions, and Impact The Ways and Means Advances Act, a lesser-known piece of legislation, has played a significant role in shaping the American tax landscape. While not as widely discussed as landmark acts like the Tax Cuts and Jobs Act of 2017, its … Read more
The Elasticity of Demand: Understanding the Responsiveness of Consumers The concept of elasticity is fundamental to understanding how consumers respond to changes in price. In economics, elasticity of demand measures the sensitivity of the quantity demanded of a good or service to changes in its price. This sensitivity is crucial for businesses, policymakers, and consumers … Read more
The Economics of Ecosystems and Biodiversity (TEEB): Valuing Nature’s Contributions to Human Well-being The natural world, with its intricate ecosystems and diverse biodiversity, is not merely a picturesque backdrop to human life. It is the very foundation upon which our societies and economies are built. From the air we breathe to the food we eat, … Read more
SOCIAL ACCOUNTING Social accounting can be defined as a set of organisational activities that deals with the measurement and analysis of the social performance of organisations and the reporting of results to concerned groups, both within and outside the organisation. Social accounting, also known as NATIONAL INCOME accounting, is a method … Read more
Unlocking the Power of Net Factor Income: A Comprehensive Guide Net factor income, a crucial component of national income accounting, often remains shrouded in mystery for many. This article aims to shed light on this essential economic concept, exploring its definition, calculation, significance, and its impact on various aspects of economic analysis. Defining Net Factor … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> : Direct and Indirect in modern usage, is a System of Government in which the citizens exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament. is sometimes referred to as "rule of the majority". is a system … Read more
