Day: October 22, 2020

Taxation is the process of imposing compulsory contribution on the private sector to meet the expenses which are incurred for a common good, that is, transfer payment process from the private sector (including the public) to the government with a Read More …

A budget takes any of the following forms: 1. Deficit budget If the proposed expenditure is greater than the planned revenue from taxation and miscellaneous receipts, this is a budget deficit. The excess of expenditure over revenue will be met Read More …

The budget is a summary statement indicating the estimated amount of revenue that the government requires and hopes to raise. It also indicates the various sources from which the revenue will be raised and the projects on which the government Read More …

The measures appropriate as remedies for unemployment will clearly depend on the type and cause of the unemployment. Such measures take the form of demand side (demand management) and supply side policies aimed at increasing aggregate demand and the economy’s Read More …

All countries suffer unemployment but most developing countries experience it at relatively higher degree and the following can be some of the types and causes: i) Transitional unemployment:- Transitional unemployment is that situation which prevails due to some temporary reasons. Read More …

Unemployment generally refers to a state/situation where factors of production (resources) are readily available and capable of being utilized at the ruling market returns/rewards but they are either underemployed or completely unengaged. When referring to labour, unemployment is considered to Read More …