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List of prominent scholars and the work in field of economics

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List of prominent scholars and the work in field of economics  Adam Smith - "The Wealth of Nations" (1776) - Laid the foundation for classical economics. John Maynard Keynes - "The General Theory of Employment, Interest, and Money" (1936) - A key figure in the development of modern macroeconomics. Milton Friedman - "A Monetary History of the United States" (1963) - Championed monetarism and free-market principles. Amartya Sen - Work on welfare economics and development, notably "Development as Freedom" (1999). Paul Krugman - Contributions to international trade theory and economic geography. Won the Nobel Prize in 2008. Joseph Stiglitz - Work on information asymmetry, development economics, and global economic issues. Nobel Prize in 2001. Thomas Piketty - "Capital in the Twenty-First Century" (2013) - Analyzed wealth and income inequality over time. Gary Becker - Pioneer in the field of human capital theory and the economic anal
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Only Economics for Ugc Net some basic terminology

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  Only  Economics for Ugc Net some basic  Terminology  Absolute minimum:   The output value of the lowest point on a graph over a given input interval or over all possible input values. An absolute minimum point is a local minimum point and occurs at an endpoint of the given input interval. Absolute vs. Relative Price:  Absolute price is the number of dollars that can be exchanged for a specified quantity of a given good. Relative price is the quantity of some other good that can be exchanged for a specified quantity of a given good. Suppose we have two goods A and B. The absolute price of good A is the number of dollars necessary to purchase a unit of good A. The relative price of good A in terms of B is the amount of good B necessary to purchase a unit of good A. The change in relative prices is not the same thing as changes in absolute prices. Sometimes, the absolute prices of goods may change but relative prices may remain constant. In general, we measure absolute prices in terms o
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SEBI (Securities and Exchange Board of India) for UGC Net and other competitive Exams

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  SEBI (Securities and Exchange Board of India) Securities and Exchange Board of India (SEBI). It is important that our capital markets have a strong and non-manipulative infrastructure. To ensure this, India has its capital market regulator, the Securities and Exchange Board of India – SEBI.  We shall see the history, composition, powers and functions of the Securities and Exchange Board of India (SEBI) in detail in this post. History of SEBI SEBI was constituted on 12th April 1988 as an interim administrative body under the Finance Ministry. Four years later, on 4th April 1992 a notification awarding statutory powers to SEBI was issued (Securities and Exchange Board of India Act, 1992). Securities and Exchange Board of India, in its short journey of 25 years has made a remarkable impression on investors as well as capital markets. All choices taken by Securities and Exchange Board of India are on the whole taken by its Board that comprises of a Chairman and eight different individual
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Ugc net Keynesian Theory of Income and Employment

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Keynesian Theory of Income and Employment: John Maynard Keynes https://en.m.wikipedia.org/wiki/John_Maynard_Keynes DEFINITION AND EXPLANATION: John Maynard Keynes was the main critic of the classical macro economics. He in his book 'General Theory of Employment, Interest and Money' out-rightly rejected the Say's Law of Market that supply creates its own demand. He severely criticized A.C. Pigou's version that cuts in real wages help in promoting employment in the economy. He also opposed the idea that saving and investment can be brought about through changes in the rate of interest. In addition to this, the assumption of full employment in the economy is not realistic. So long as the economy was operating smoothly, the classical analysis of aggregate economy met no serious opposition. However, Great Depression of 1930's created problems of increasing unemployment, reducing national income, declining prices and failing firms increased in intensity.
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List of prominent scholars and the work in field of economics

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List of prominent scholars and the work in field of economics  Adam Smith - "The Wealth of Nations" (1776) - Laid the foundation for classical economics. John Maynard Keynes - "The General Theory of Employment, Interest, and Money" (1936) - A key figure in the development of modern macroeconomics. Milton Friedman - "A Monetary History of the United States" (1963) - Championed monetarism and free-market principles. Amartya Sen - Work on welfare economics and development, notably "Development as Freedom" (1999). Paul Krugman - Contributions to international trade theory and economic geography. Won the Nobel Prize in 2008. Joseph Stiglitz - Work on information asymmetry, development economics, and global economic issues. Nobel Prize in 2001. Thomas Piketty - "Capital in the Twenty-First Century" (2013) - Analyzed wealth and income inequality over time. Gary Becker - Pioneer in the field of human capital theory and the economic anal
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Unit-9 : Top 50 Mcq Net Economics Environmental Economics and Demography

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  Unit-9 : Top 50 Mcq Net Economics  Environmental Economics and Demograp hy 1) Which year is called the 'demographic divide' in India? a) 1881 b) 1901 c) 1921 d) 1951 2) Which period is referred to as the period of population explosion? a)  1901-1921 b)1921-1951 c) 1951-1971 d) 1971-1991 3) Which is the state with maximum sex ratio in India? a) Chhattisgarh b) Karnataka c) Kerala d) Odisha  4) In India,the state with highest density of population is A. Uttar Pradesh B. Bihar C. West Bengal D. Har yana 5) As per the data released in July 2011, Sex Ratio in Rural Areas is less than urban areas A. Five Times B. Four Times C. Three Times D. Two Time's 6)According to the figures of Census 2011,which state has the maximum difference in the male and female literacy A. Rajasthan B. Kerala C. Uttar Pradesh D. Madhya Pradesh 7)The Growth rate of population means A. Difference between the growth of male and female B. Difference between the population of
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