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Net Economics #Classical Economists and their work# Economic theory

 Net Economics #Classical Economists and their work# Economic theory Pls follow , like and share Classical economics, also known as classical political economy, is a school of economic thought that emerged in the late 18th and early 19th centuries. It laid the foundation for modern economics and was dominant until the late 19th century. Classical economists focused on understanding the mechanisms of economic growth, production, and distribution of goods and services in market economies significant contributions and the years in which they were active: Adam Smith (1723-1790): Major Work: "The Wealth of Nations" (1776) Contributions: Smith is often referred to as the father of economics. In "The Wealth of Nations," he introduced the concept of the invisible hand, arguing that individuals pursuing their own self-interest in a free market economy unintentionally promote the general welfare. He also discussed the division of labor, productivity, and the role of markets i

UGC NET ,UPSC and other competitive exams CENTRAL BANK OF INDIA ( RBI a National BANK OF INDIA ) Cash Supply Concept.

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UGC NET ,UPSC and other competitive exams CENTRAL BANK OF INDIA ( RBI a National BANK OF INDIA ) Cash Supply Concept. Central Bank Central Bank a National bank of India, hold bank, or fiscal authority is an establishment that deals with the cash, cash supply, and financing costs of a state or formal money related association, and administers their business banking framework. Rather than a business bank, a national bank has a restraining infrastructure on expanding the money related base in the state, and furthermore by and large controls the printing of the national currency,which fills in as the state's legitimate tender.A national bank likewise goes about as a loan specialist after all other options have run out to the financial segment during times of budgetary emergency. Most national banks likewise have supervisory and administrative forces to guarantee the security of part establishments, to forestall bank runs, and to debilitate crazy or deceitful conduct by

UGC NET, UPSC and other competitive exam Financial approach or Monetary cash balance approach by Central Bank

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UGC NET, UPSC and other competitive exam Financial approach or Monetary cash balance approach by Central Bank Financial approach Financial approach is the arrangement embraced by the fiscal authority of a nation that controls either the loan cost payable on momentary obtaining or the cash supply, frequently focusing on expansion or the financing cost to guarantee value soundness and general trust in the money. Objective of Financial objective 1) Not at all like financial approach which depends on government to spend out of downturns, fiscal arrangement plans to control the cash supply, for example 'printing' more cash or diminishing the cash supply by changing loan costs or evacuating overabundance holds. 2) Further objectives of a money related approach are for the most part to add to the steadiness of GDP , to accomplish and keep up low joblessness, and to keep up unsurprising trade rates with different monetary forms. Fiscal financial aspects

UGC NET ,UPSC and other competition Exams National BANK OF INDIA (RBI) Cash Money ConceptMACRO ECONOMICS

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UGC NET ,UPSC and other competition Exams National BANK OF INDIA (RBI) ,Cash Money concept MACRO ECONOMICS  UGC NET ,UPSC and other competition Exams  National BANK OF INDIA (RBI) ,Cash Money concept MACRO ECONOMICS                                     Central Bank of India National bank (RBI), Cental  bank, or financial authority is an organization that deals with the cash, cash supply, and loan fees of a state or formal money related association, and administers their business banking framework. As opposed to a business bank, a national bank has a syndication on expanding the money related base in the state, and furthermore by and large controls the printing of the national currency,which fills in as the state's legitimate tender.A national bank additionally goes about as a moneylender after all other options have run out to the financial area during times of monetary emergency. Most national banks additionally have supervisory and administrative forces to guarantee

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