Meaning of Balance of payment: Balance of payment(BoP) is an accounting statement which records economic transactions between Normal Resident of a specific country with the
Balanced And Unbalanced Budget 1. Balanced Budget It is one when estimated revenues are equal to estimated expenditures or the amount of tax is equal
Budget Receipts taxes, prices of goods and services supplied by public enterprises, fees, fines, gifts, grants, etc. budget receipts are estimated money receipts of the
GOVERNMENT BUDGET A government budget is a statement showing item wise estimated receipts and estimated expenditures under various heads during a fiscal year which runs
Mean, Median and Mode Questions, deals with various concepts which are as under:- Finding median when number of observation are Even Finding median when number
Basic Economic Problem :- Basic Economic Problem faced by every economy,  is a problem of choice, which involves satisfaction of unlimited wants of human beings, for
An economy as a whole, comprises of various individuals, companies various commodities etc. , like individual income, output of a particular commodity by a company
Price elasticity of demand:- Price Elasticity of Demand , means the degree of responsiveness of demand for a commodity , with reference to change in
What is Proportion ? When Two Ratios are equal then we say that they are in Proportion and use the symbol “: :” or “=” to
Partners Capital Account –Â Capital Accounts of Partners which the account which contains the details of the transactions done with the partners (Partners Capital Account Format
To find third proportional of any two numbers let say a and b be two numbers and c is in third proportion with a and
What is Mean Proportion? If a and b be two numbers and c is mean proportional between a and b Then, a : c =