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 [...]
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 [...]
The following points highlight the role of commercial banks in developing the economy. The roles are: 1. Accelerating the Rate of Savings and Capital Formation 2. Mobilisation of Resources and Granting of Adequate Credit for Development 3. Credit for the Priority Sectors 4. Involvement in Development Planning 5. Strengthening Institutional Facilities 6. Promoting Growth with Stability. Role # 1. Accelerating [...]