Measures of Money Supply In India, the Reserve Bank of India (RBI) tracks and publishes various measures of the money supply to monitor and manage the economy. The measures of money supply are broadly classified into four categories: M1, M2, M3, and M4. Each measure includes different components and represents varying degrees of liquidity. Here’s […]
Difference between Fiscal Deficit and Fiscal Financing Fiscal Deficit Vs. Deficit Financing While the terms “fiscal deficit” and “deficit financing” are related, they refer to different aspects of government financial management. Here’s a breakdown of the differences: Fiscal Deficit Definition: The fiscal deficit is the difference between the government’s total expenditures and its total […]
Fiscal Deficit Meaning, Calculation, Components, Implications, Causes, Measures and Importance of Fiscal Deficit Meaning Fiscal deficit denotes excess of government expenditure over government’s income (i.e. revenue). It is commonly expressed as a percentage of GDP. Although fiscal deficit invariably varies from one year to another, unsustainable or high rates of fiscal deficit poses complications […]
Fiscal Policy Meaning, Definition, Instruments and Objectives Meaning The ‘fiscal policy’ refers to the government policy of changing its taxation and public expenditure programmes intended to achieve certain predetermined objectives. An effective and good fiscal policy uses various fiscal tools like taxation, expenditure and public borrowing in a proper combination so as to achieve the […]
Macroeconomics Equilibrium In the simplest terms, equilibrium is a state of balance or state where there is no change. The forces acting in the system may bring about a change in the economy. However, the net effect of the change is that the equilibrium position does not, in any way, get disturbed. On the other […]
Public Expenditure: Meaning & Nature,Canons/Principles of Public Expenditure Meaning Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. Throughout the 19th Century, most governments followed laissez faire economic policies & their functions were only restricted to defending aggression & maintaining law & order. The size of […]
Principle of Maximum Social Advantage The ‘Principle of Maximum Social Advantage’ was introduced by British economist Hugh Dalton. Public Finance” is concerned with income & expenditure of public authorities and with the adjustment of one with the other. Budgetary activities of the government results in transfer of purchasing power from some individuals to others. […]
Principle of Maximum Social Advantage The ‘Principle of Maximum Social Advantage’ was introduced by British economist Hugh Dalton. Public Finance” is concerned with income & expenditure of public authorities and with the adjustment of one with the other. Budgetary activities of the government results in transfer of purchasing power from some individuals to others. […]
Difference Between Public and Private Goods Public goods have two distinct aspects: nonexcludability and nonrivalrous consumption. Non rivalry means consuming good doesn’t reduce amount available to other people and Non excludable means once provided you can’t stop anyone consuming it.Private good, a product or service produced by a privately owned business and purchased to increase […]
Meaning & Scope of Public Finance Meaning of Public Finance The word public refers to general people and the word finance means resources. So public finance means resources of the masses, how they are collected and utilized. Thus, Public Finance is the branch of economics that studies the taxing and spending activities of […]
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