What is National Income

National income is the total income of a country and does not include the incomes from illegal sources. There are three different approaches to measure the national income of a country i.e. income method, product method, and expenditure method. Since three different...

Fiscal Policy and its Tools

The word fiscal is derived from the word Fisc which means treasury therefore fiscal policy deals with the matters of treasury or public finance. Fiscal policy refers to the government policy of public expenditure and taxes. Fiscal policy plays an important role in...

Objectives of Fiscal Policy

The word fiscal is derived from the word Fisc which means treasury therefore fiscal policy deals with the matters of treasury or public finance. Fiscal policy refers to the government policy of public expenditure and taxes. Fiscal policy plays an important role in...

Credit Control by Central Bank (Monetary Policy)

Monetary policy refers to the control of credit and total money supply. This policy is also known as the central bank’s policy in control of credit. Control of money supply is very important for the economic growth of a country. If there is excess supply of money then...

Measures to Control Inflation

There are various measures to control the inflation effectively before it gets out of hand. Since inflation shows disequilibrium between demand and supply of goods at current prices therefore measures should be taken either to decrease the demand or increase the...

Causes of Inflation

Inflation is a situation where general price level is rising continuously indicating disequilibrium between demand and supply of goods at current prices. Causes of inflation vary from one country to another, thus different types of inflation exist at different places...
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