Notes and Study material for Exams
Understanding the Government Deficit: A Deep Dive into Key Measurers The concept of a government deficit is often discussed in economic and political discourse, but its true meaning and implications can be elusive. This article delves into the intricacies of government deficits, exploring the various measures used to quantify them and their significance in understanding … Read more
ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains … 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