Economics
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Modern Theory of Interest In Economics
Hicks and Hansen has developed the Modern Theory of Interest. This theory has combined together the monetary and non-monetary factors…
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Liquidity Preference Theory Of Interest Rates And Its Limitations
Liquidity Preference Theory of Interest was propounded by J. M. Keynes. According to him interest is purely a monetary phenomena.…
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Loanable Funds Theory Of Interest Rate Determination
The Loanable Funds Theory of interest was formulated by Neo-classical economists like Wicksted, Robertson, etc. According to this theory, the…
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Classical Theory Of Interest Rate Determination
Classical Theory Of Interest has been developed and refined by economists like Marshall, Pigou, Walrass and Knight. This theory is…
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Different Theories Of Interest In Economics
a) Productive theory of interest : Productive theory explains that interest is paid because capital is productive. Capital helps laborers…
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Nature Of Short Period And Long Period Supply Curves
Supply curves are of great importance in the sphere of production. They indicate how the producer supplies commodities at different…
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Relationship Between Short Run And Long Run Average Cost Curve
The cost curves of a firm in the short run and in the long run are not same. Their behavior…
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Difference Between Gross And Net Interest
Interest is the reward for capital for its productive services. It is the Payment made by a borrower for the…
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Importance Of Marginal And Average Costs
Marginal cost and average cost are two types of costs incurred by a firm in its manufacturing process. The Marginal…
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Modern Theory of Wages In Economics
The most acceptable theory of wages is the modern theory of wages. It is also known as Demand and Supply…
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