Tag Archives | Role

Role of Price System in Modern Economics

In this article we will discuss about the role of modern economics in modern economics. Also learn about the merits and advantages of price systems. Economics is the study of how man can provide for his material well-being. Although man does not live by bread alone, it is equally true that he cannot live without it. An underlying problem in [...]

By |2017-01-13T05:58:26+05:30January 13, 2017|Modern Economics|Comments Off on Role of Price System in Modern Economics

Role of Capital in Economics

In this article we will discuss about the role of capital in economics. Capital, the produced means of production, is indispensable for the creation of wealth. Capital is essential if a country is to produce the huge quantity of various goods and services necessary for consumption today. If an economy is to produce more, it needs to add to that [...]

By |2017-01-13T05:58:23+05:30January 13, 2017|Capital|Comments Off on Role of Capital in Economics

Role of Monetary Policy in Controlling Inflation | Economics

In this article we will discuss about the role of monetary policy in controlling inflation in developing countries. Monetary policy refers to that branch of economic policy which attempts to achieve the broad objects of policy — stability of employment and prices, economic growth and balance in external pay­ments — through control of the monetary system and by operating on [...]

By |2017-01-13T05:55:16+05:30January 13, 2017|Inflation|Comments Off on Role of Monetary Policy in Controlling Inflation | Economics
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