Development Economics

ECONOMIC GROWTH AND DEVELOPMENT Economic Growth implies the change in per capita income, while economic development means economic growth plus change. Change

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Macro Economics

DETERMINATION OF OUTPUT AND EMPLOYMENT 1. Classicals: The terms ‘Classicals’ was coined by Karl Marx. According to them, the economy will always

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Micro Economics

CONCEPT OF DEMAND The concept of demand was given by Alfred Marshall in 1890s in his book “Principles of Economics”. According to

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