In this article we will discuss about Protection of Trade:- 1. Meaning of Protection 2. Arguments in Favour of Protection 3. Arguments against Protection 4. Protection and Underdeveloped Countries 5. Forms or Methods. Meaning of Protection: Protection means protecting the home industries from foreign competition. The term protection refers to the policy of encouraging the […]
Protection of Trade: Meaning, Arguments, Methods and Forms
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Multiplier and Accelerator in Economics: Working, Equational Model and Limitations
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In this article we will discuss about Multiplier and Accelerator in Economics:- 1. Concept of Multiplier 2. Relation between MPC and Multiplier 3. Working 4. Reverse Working 5. Assumptions 6. Leakages 7. Criticisms 8. Importance 9. Principle of Acceleration 10. Equational Model 11. Working 12. Importance. Concept of Multiplier: The concept of multiplier is an […]
Interrelation and Coordination of Monetary and Fiscal Policies | Economics
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Monetary and fiscal policies are complementary, and not contradictory to each other. They are interrelated and have to be judiciously combined to promote and stabilise the economic activity. The interrelation of monetary and fiscal policies is clear from the following points: (i) Monetary policy provides financial infrastructure and regulates money supply. Fiscal policy through its […]