In this article we will discuss about Keynes Principle of Effective Demand:- 1. Meaning of Effective Demand 2. Determinants of Effective Demand 3. Equilibrium Level of Employment or Point of Effective Demand 4. Less-than-Full Employment Equilibrium 5. Relative Importance of ADF and ASF 6. Role of Government 7. Importance 8. Criticisms. The principle of effective […]