Causes of increase in public expenditure in recent years are given below: Increase of population: The population all over the world is increased more than before. The government needs to expense a lot of money to meet the primary needs of this increasing population Increase of protection cost: In recent years, public expenditure is increased […]
Month: August 2020
Characteristics of foreign trade
Some important characteristics of foreign trade are described below: Exportation of raw materials : The main characteristics of foreign trade are exporting raw materials. The maximum number of exporting trade comes from raw materials and agricultural goods. Such as raw jute, fish, tobacco, tea, leather, etc. Importation of industrial products: Another characteristic of foreign trade […]
Characteristics of the socialistic economy
There are some important characteristics of the socialistic economy. These are – State ownership The main characteristics of the socialistic economy are the termination of private ownership of assets. There is private ownership over organization, land, and other materials of production. The state ownership is established overall assets of the country and all materials of […]
What are the Causes of inflation
What is Inflation? When the value of currency decrees against the regular price of the daily used products then it called Inflation. Inflation is a complex economical problem. There is the various reason for inflation. The major reasons are described below- Increased supply of money: The major reason for inflation has increased the supply of […]
Disadvantages of Globalization
The original scenario of globalization is different. according to world economists,globalization is a part of capitalism. Globalization is the power of consumerism and aggression to the third world country. Underdeveloped and developing countries are suffering from fear of globalization. Some disadvantages are described below: Economic exploitation: Under the globalization process, underdeveloped countries are exploited by […]
Arguments in favor of globalization:
The economist and sociologists in the western world are showing their strong logic in favor of globalization. The advantages of globalization are described below: The free flow of product and service: The major positive side of globalization is free to flow goods and services among various countries in the world. The produced products and services […]
Measures to control inflation
The following measures are needed to take to control inflation and reduce goods prices. Increased production To reduce inflation, it is important to increase production in a country. Besides, the use of better quality seeds, fertilizer, and better water supply can increase production. The production in the industrial sector can increase by using needed materials, […]
Effect of inflation on different classes of people
There are various types of people live in our society. Inflation effects are not the same for all people in society. One party may damage due to inflation and the other party may gainer at this time. The effects of inflation on the people in the society are given below. Effect the fixed income earning […]
