Technique in Economics

(A) Labour Intensive Technique: In simple words labour intensive technique is that which uses comparatively larger amount of labour and

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Dumping

In economic terms, “dumping” refers to the practice of selling goods in a foreign market at a price lower than

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Public Finance

Public finance refers to the field of economics and government policies that deal with the management of public funds, revenue

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Taxation

Taxation refers to the process of levying and collecting compulsory charges or fees by the government from individuals, businesses, or

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Invisible Hand

The “invisible hand” is a concept introduced by the Scottish economist and philosopher Adam Smith in his seminal work “The

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