Author: Preeti

Inflation – Meaning, Definitions, Characteristics, Causes and types

Inflation Meaning, Definitions, Characteristics, Causes and types Meaning Inflation is a global phenomenon in present-day times. There is hardly any country in the capitalist world today which is not afflicted by the specter of inflation. Inflation is a sustained rise in the average level of prices. Notice, the word sustained. Inflation does not mean a […]

Business Cycle/Trade Cycle – Meaning, Definitions, Features, Phases and Theories

Business Cycle/Trade Cycle Meaning, Definitions, Features, Phases and Theories Business cycle is the periodic up and down movements in economic activities. It is also know as economic cycle or trade cycle It has been seen that economic activities measured in terms of production, employment and income move in a cyclical manner over a period of […]

The Consumer Protection Act 1986

The Consumer Protection Act 1986 The Consumer Protection Act 1986 Introduction Till 1985, the consumer, specifically in India, was neglected. Traders dominated the market in every aspect of business causing concern to the consumers. In spite of various provisions providing protection to the consumer and providing for stringent action against adulterated and sub-standard articles in […]

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