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Introduction to Economics

What Is Community Economic Development;How Economy Grows In Community

What Is Community Economic Development;How Economy Grows In Community

Community Economic Development(CED) deals with the economic processes of production and distribution of the fruits thereof among the agencies of production. As those processes are controlled or regulate by the community for the benefit of all. The community is concerned in guarding the people’s welfare through measures that promote good and restrain evil in the processes that provide for human ... Read More »

Importance Of Economics In Our Life;5 Facts You Must Know

Importance Of Economics In Our Life;5 Facts You Must Know

Importance Of Economics in our life is very hot topic.Economics is the condition of procuring the greatest returns with the least expenditure of time, energy, material or finance.The world can be divided into three great divisions or fields. First, the division or field where nature is all powerful. Second, the division or field where man and nature works together. Third, ... Read More »

What Is True Economics Definition;Facts You Must Know

What Is True Economics Definition;Facts You Must Know

Economics Definition been defined differently by different writers. The founders of economic science Adam Smith John Stuart Mill nml others defined it as the science of wealth This definition was 100 materialistic It  need too much emphasis on wealth and too little on man and his welfare Towards the end of the nineteenth century Alfred Marshall defined economics in terms ... Read More »

What Is Rationing In Economics And How It Control Price

What Is Rationing In Economics And How It Control Price

What is Rationing,this is very broad topic for every economist,student and businessman. Rationing of foodstuffs and other necessary articles becomes thus absolutely necessary in modern war-time economy. ‘Ration’ is of course a military term, meaning ‘the limited supply of food given to a soldier’. But in a modern war-time structure of society where every man and woman has to take ... Read More »

What Is Foreign Aid By Country,And Why It Is Important

What Is Foreign Aid By Country,And Why It Is Important

Foreign Aid can be defined as all types of unilateral transfer including technical know-how, consumer goods and capital stock as loans, grants and export credits of various durations.It also means those additional resources which are used to raise the performance of the recipient country above the existing level.It is the transfer of resources from rich countries or international financial institutions to the poor countries. ... Read More »