Tag Archives | Economics

Types of Gold Standard (With Features, Merits and Demerits) | Economics

Historically there have been different forms of gold standard. They are – 1. Gold Coin Standard 2. Gold Bullion Standard 3. Gold Exchange Standard 4. Gold Reserve Standard 5. Gold Parity Standard. Type # 1. Gold Coin Standard: Gold coin standard or gold currency standard or gold species standard is the oldest form of gold standard. It is also known [...]

By |2018-08-13T06:52:05+05:30August 13, 2018|Gold Standard|Comments Off on Types of Gold Standard (With Features, Merits and Demerits) | Economics

Types of Monetary Standards: Metallic and Paper Standard | Economics

In this article we will discuss about the two types of monetary standards: A. Metallic Standard B. Paper Standard. A. Metallic Standard: Under metallic standard, the monetary unit is determined in terms of some metal like gold, silver, etc. Standard coins are made out of the metal. Standard coins are full-bodied legal tender and their value is equal to their [...]

By |2018-08-13T06:52:05+05:30August 13, 2018|Monetary Standards|Comments Off on Types of Monetary Standards: Metallic and Paper Standard | Economics

Index Numbers: Characteristics, Formula, Examples, Types, Importance and Limitations

In this article we will discuss about:- 1. Meaning of Index Numbers 2. Features of Index Numbers 3. Steps or Problems in the Construction 4. Construction of Price Index Numbers (Formula and Examples) 5. Difficulties in Measuring Changes in Value of Money 6. Types of Index Numbers 7. Importance 8. Limitations. Meaning of Index Numbers: The value of money does [...]

By |2018-08-13T06:52:05+05:30August 13, 2018|Index Number|Comments Off on Index Numbers: Characteristics, Formula, Examples, Types, Importance and Limitations
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