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

Insitute of Economics and Management studies Empowering Minds in Economics & Management Studies

  Insitute of Economics and Management studies Empowering Minds in Economics & Management Studies Welcome to Institute of Economics and Management Studies, a renowned institution dedicated to shaping future leaders in the domains of economics, management, commerce, and Indian Economic Services. With a rich legacy of excellence and a commitment to nurturing intellectual growth, we provide a comprehensive education that prepares students for dynamic careers in today's global marketplace. Our Courses: Net Economics: Our Net Economics program is designed to equip students with a strong foundation in economic principles, theories, and quantitative methods. Through a blend of theoretical knowledge and practical applications, students gain a deep understanding of economic systems, policy analysis, and research methodologies. With a focus on developing analytical and critical thinking skills, our graduates are prepared to tackle complex economic challenges in academia, government, rese

Indian Economic Services

 INDIAN Economic Services  IES Details Indian  Economic  services  detail  The Indian Economic Services (IES) is a specialized cadre of the Indian Civil Services that deals with economic policymaking and analysis in India. It is administered and controlled by the Ministry of Finance, Department of Economic Affairs. The IES officers are responsible for providing economic advice, formulating policies, conducting economic research, and analyzing economic data to support the government in decision-making processes. Here are some key details about the Indian Economic Services: Recruitment: The recruitment to the Indian Economic Services is conducted through a competitive examination conducted by the Union Public Service Commission (UPSC). The UPSC conducts the examination once a year, and candidates who qualify are appointed as officers in the Indian Economic Services. Eligibility Criteria: To be eligible for the Indian Economic Services examination, candidates must have a postgraduate degr

Indian Income Tax Net JRF Commerce

  Indian Income Tax Net JRF Commerce The Indian income tax system is a progressive tax system that is governed by the Income Tax Act, 1961. It is administered by the Central Board of Direct Taxes (CBDT), which is a part of the Department of Revenue under the Ministry of Finance, Government of India. The system applies to all individuals, Hindu Undivided Families (HUFs), companies, firms, and other entities that generate income within the country. Here are the key aspects of the Indian income tax system: 1.      Residential Status: The liability to pay income tax in India depends on an individual's residential status. There are three categories of residential status: Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR), and Non-Resident (NR). The tax rates and exemptions vary based on the residential status. 2.      Income Categories: The income tax system in India categorizes income into five heads: a. Income from Salary: This includes

UGC NET JRF coaching inpolitical science jaipur Rajasthan

 UGC NET  JRF coaching in Net political  science in jaipur IEMS  s a reputed institution in all aspects and provides quality guidance for UGC NET/ JRF . Our sole motto is to provide high quality education and inspiring atmosphere to post graduate youths aspiring for UGC NET/JRF in Economics, Management, Commerce and political  science  Students are today enlightened and focused. They know what they are up to. They need just a ray of guidance. The unique teaching methodology, experienced faculty and extensive course ware has mad Regular classes for all the subjects  with experience faculty

11 Reason to be sucessful in Net Jrf Economics exam

  11 Reason to be sucessful in  Net Jrf Economics exam  1) Interested in the mind- Start developing mentally that you are learning best ie Economics , it's particularly important that you're interested in and engaged with your subject. 2) Aptitude for Mathematical Economics - Interpreting visual data like graphs and some  basic Mathematics like Calculus, Linear algebra and statistics will help you in basic prepartion of Net Exams.You should work on this .  3) Knowledge of  Basic Economics - Read Basic books to make your concept clear.This will help you to understand complex Economics concept. 4) Understanding Diffrent theories of scholars - Read some concepts Theories of Classical, Neo classical , Keynes and other scholars.which will be help you to start on your prepartion 5) Self Motivated - Self driven, Committed, Concentrated, Trust yourself. 6) Time Management-Successful students should plan their weeks  well in advance  to complete their study. 7) Admitting you don't u

Income and substitution effect

 INCOME & SUBSTITUTION  EFFECT  INCOME  EFFECT  The income effect, in Microeconomics is the resultant change in demand for a good or service caused by an increase or decrease in a consumer's purchasing power of real Income  As one's income grows, the income effect predicts that people will begin to demand more (and vice-versa). So-called normal goods will exhibit this typical pattern. Inferior goods, on the other hand, may see their demand actually fall as income increases. An example of such an inferior good could be store-brand items: as people become wealthier they may opt instead for more expensive name brands Understanding the Income Effect The income effect is a part of consumer choice theory—which relates preferences to consumption expenditures andre consumer  demand curve that expresses how changes in relative market prices and incomes impact consumption patterns for consumer goods and service  when real consumer income rises, consumers will demand a greater quantit

Agricultural and Industrial policy in India Ugc Net Economics

  Agricultural  and Industrial  policy in India Ugc Net Economics  National Agriculture Policy, 2000 The Government of India announced a National Agriculture Policy on July 28, 2000. This policy aims to attain: (i) growth rate in excess of 4% per annum in the agriculture sector, (ii) growth, that is based on conservation of soil, water and biodiversity, (iii) growth with equality, (iv) growth that is demand driven and caters, the small markets and maximises benefits from exports of agricultural products in the face of the challenges arising, from economic liberalisation and globalisation, The important characteristic features of this policy are as follows: (1) Privatisation of agriculture and price protection of farmers in the post QR (Qualitative Restriction) regime would be part of the government’s strategy to synergise agricultural growth. The main focus is on use of resources and technology, adequate availability, of credit to the farmers and protecting them from seasonal and price

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