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Home Determination of National Income

Determination of National Income:

 

Logical Identity of Saving and Investment:

 

The classical economists were of the view that saving and investment are always equal. They believed in the existence of a fully employed economy. According to them, whenever their is inequality between saving and investment, it is brought to equality through the rate of interest. Continue reading.

 

Keynes Theory of Income Determination:

 

It has been the practical experience of every country of the world that economic progress has never run an even course. There have been wide fluctuations in the national income from time to time. Continue reading.

 

Determination of Equilibrium for National Income in a Two Sector Economy:

 

J.M. Keynes in his famous book, 'General theory', has used two methods for the determination of national income at a particular time: (1) Saving Investment Method and (2) Aggregate Demand and Aggregate Supply Method. Continue reading.

 

Inflationary and Deflationary Gaps:

 

J. M. Keynes in his famous book 'General Theory' put forward an analysis of unemployment and inflation. The Keynesian theory assumes that a maximum level of national output can be obtained at any particular time in the economy. Continue reading.

 

 

Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance
History of Money

 

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