Economics
Every day you will get to know details about various aspects of economy join our website.What is the study of economics? Types of economics? Microeconomics, what is Investment? What is Unemployment? Types of Unemployment, Types Of Inflation, Causes of Inflation, What is Market? Different types of Market, Monopoly, Oligopoly, duopoly, Perfect competition Market, Walras' Law, Different types Economics law? Adam Smith law, What is Tax? Different types of Tax.What is vat? What is GST? What is GDP?
Thursday, July 27, 2023
Saturday, July 22, 2023
Different types Of Unemployment
Different types of Unemployment?
- Cyclical Unemployment: unemployment is associated with the business cycle. It is a temporary shock to the economy. If there is a downturn in business then the cyclical unemployment occurs.
- Frictional Unemployment :Frictional Unemployment result in temporary unemployment. The condition that arises when someone leaves his current job in the hope of better job.
- Structural Unemployment:Structural unemployment creates a permanent problem in the economy. The unemployment that is created as a result of Technological is created as a result of Technological development is structural unemployment.Structural unemployment is caused by the fact that companies do not need more people to do their jobs due to technological advancements and have many employees who can not adapt to the technology.
- Hidden Unemployment : Hidden Unemployment occurs when they are not included in the labour market.They do not consider themselves fit for work and do not find any work but they are willing to work when given the opportunity.
- Seasonal Unemployment:They are seasonal and occur during the off seasons. For example, in agriculture people can go jobless after the harvest .In tourism, tour guides may be jobless are as the tourist activity drops after the peak season.
Labels: Economics Study, Features, Law of Economics
Friday, July 21, 2023
What are the Causes Of Unemployment?
Causes Of Unemployment
There are various Cause Of Unemployment.Such As:
- High Interest rates:The cost of borrowing increases due to the increase in bank interest rates .Companies unable to bear at the increased debt cut their employee's salaries or laid them off. As a ,result employees may become Unemployed.
- Population Increases:When the preparation of the country increases the number of people who need jobs in that country increases ,but the number of unemployment also increases due to the fact that it is not possible to employ all the population of the country.
- Technological Advancement and lack of Skills:Companies want to use advanced technology to reduce their human resource recruitment costs and they want to get more benefits from using advanced technology .many times it is seen that the employees cannot adapt themselves to the advanced technology.
Labels: Economics Study, Features, Law of Economics
What is Unemployment Rate??
Unemployment Rate?
The unemployment rate is defined as the Proportion of the labour force who are unemployed. Adjusted for the proportion of total time they are unemployed.
U=(TU/LF)t
={(LF-TE)/LF}t
Where,TU=total number of people who unemployment
TE=Total number of people who are Employed
LF= Labour Force
t= t is the proportion of time the unemployed are on average out of work.
The ratio of U is usually expressed as a percentage.
Labels: Economics Study, Economics tips, Features
Monday, July 17, 2023
What is Unemployment??
What is Unemployment?
Unemployment refers to a situation when someone is actively looking for work and is able to work but is unable to find any work, it is called unemployment. To be unemployed, he must be in the labor force and actively looking for work.
For Example,If a student is looking for a job after completing his studies but if he does not find any suitable job then he will be considered as unemployed.But a mother who quits her job to take care of her child and someone who goes abroad for higher education is not considered unemployed.
Labels: Economics Study, Economics tips, Features
Sunday, July 9, 2023
What is Budget Deficit??
Tax is the income of the government The money that the government earns through tax is the revenue of the government
Government spending is the money that the government spends behind the people.
When the expenditure of the government is more than the income of the government i.e. more than the money that the government is earning through tax, if the government spends on the people then it is called Budget Deficit
Labels: Economics Study, Features
Saturday, July 8, 2023
Pdf of commodity, labour, bond, money, foreign exchange market
Labels: Economics Study, Economics tips, Economics Tutorials, Features, Law of Economics, learning Economics
What is GDP and three method of GDP
GDP and there method of GDP
Labels: Economics Study, Features, Law of Economics
Pdf of Equilibrium of the consumer
Equilibrium of the consumer
Labels: Economics tips, Economics Tutorials, Features, learning Economics
WALRAS' LAW
WALRAS' LAW
The Walras' law states that if there are n distinct market's in the economy, and n-1 markets are in equilibrium then the remaining nth market must also be in equilibrium.
Labels: Economics Study, Features, Law of Economics, learning Economics