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Featured

It is not just about Academics, It is about How Economy Works and Affects Our Lives and much more.

29Jul 20209 Aug 2020

Income Method of Measuring National Income

Income Method of Measuring National Income – Income method measures national income at the phases of distribution and appears as…

28Jul 20209 Aug 2020

Expenditure Method of Measuring National Income

Expenditure Method of Measuring National Income – Expenditure method gives the national income by adding up all the expenditures made…

27Jul 20209 Aug 2020

Value Added Method of Measuring National Income

Value Added Method of Measuring National Income – Value Added Method is also called Output Method or Production Method. In…

Economics

Inflation – Unemployment Trade-off — Introduction

12 May 2020
Inflation - Unemployment Trade-off --- Introduction Inflation and Unemployment - Keynesian Model of Economy - In simple Keynesian model of economy, the aggregate supply curve (with variable price level) is…
Economics

Median – Measure of Central Tendency

11 May 2020
Median - Median is defined as the middle value of the series when arranged either in ascending or descending order. It is denoted by 'M'. M = [(N+1)/2] th item.…
Economics

Keynes’s Theory of Business Cycles

10 May 2020
Keynes's Theory of Business Cycles John Maynard Keynes was an British economist. He wrote book 'General Theory of Employment, Interest and Money' in 1936. According to Keynes's theory, in the…
Economics…

Economics Terms Series Part 7 – Wealth, Salary, Utility, Miscellaneous

9 May 20209 May 2020
WEALTH The stock of financial and non-financial assets a person or a household owns that have monetary value. SALARY An annual rate of pay, often paid to employees in professional…
Economics

Business Cycles – Theory of Over-Investment

8 May 2020
Theory of Over-Investment - It has been observed that over time investment varies more than that of the total output of final goods and services and consumption. This has led…
Economics

Business Cycles – Theory of Under Consumption

7 May 2020
Theory of Under Consumption is also one of the oldest theory of business cycles, it was given in the 1930s. Malthus and Sismodi criticized Say's Law which states that 'Supply…
Economics…

Economics Terms Series Part 6 – Assets, Revenues, Capitals, Sectors, Diseconomies, Population, Merger, Miscellaneous

6 May 2020
PHYSICAL ASSETS Non-financial assets or physical products, such as commercial and residential properties, that have value and therefore contribute to wealth. FINANCIAL ASSETS Non-physical assets, such as bank deposits, shares,…
Economics

Business Cycles – Hawtrey’s Monetary Theory of Business Cycles

5 May 2020
R.G. Hawtrey's Monetary Theory of Business cycles is based on the Gold Standard Economy. An economy is said to be under gold standard when either money in circulation consists of…
Economics

Business Cycles – Sun Spot Theory of Business Cycles

4 May 2020
Sun Spot Theory Sun Spot Theory of Business Cycles was developed in 1875 by Stanley Jevons. This is one of the oldest theory of business cycles. Sun Spots are storms…
Business…

Passive Income Series – How to create Skill Based Income Source

3 May 2020
Passive Income - Skill Based Income Source Skill Based Income which can be Passive or Semi-Passive or Semi-Active depending on the skills the person have. Today we will be looking…
Economics…

Economics Terms Series Part 5 – Trade, Trade Barriers, Balance of Payments, Stock Market, Stock Exchange, Shares

2 May 20203 May 2020
TRADE  The exchange of goods and services, usually for money.   INTERNATIONAL TRADE  The movement and exchange of physical goods such as materials, component parts, equipment and finished products as well as…
Economics…

Economics Terms Series Part 4 – Types of Taxes, Types of Rates, Boom, Recession, Recovery, Growth

1 May 20203 May 2020
PERSONAL INCOME TAX  A direct tax on a person’s earnings or income. CORPORATE INCOME TAX  A tax on company profits. DIRECT TAX  A tax levied on the incomes or wealth…
Economics…

Economics Terms Series Part 3 – GDP, Factors of Production, Market, Contrary Miscellaneous

30 Apr 20202 May 2020
APPRECIATION (in the value of a currency)  A rise in the rate at which a national currency can be exchanged for another currency or currencies, i.e. a rise in the…
Business…

Economics Terms Series Part 2 – Profit, Cost, Budget, Employment, Unemployment, Externality

29 Apr 20203 May 2020
PROFIT A surplus of revenue from the sale of outputs over the costs of their production. LOSS A situation of generating revenue less than cost of production. ABNORMAL PROFIT The…
Business…

Economics Terms Series Part 1 – Demand, Supply, Policy, Inflation, Deflation, Import, Export, Wage, Returns to Scale, Economies of Scale

28 Apr 20202 May 2020
ABSOLUTE ADVANTAGE The ability of a country or region to produce a good or service at a lower average cost per unit than any other country or region is able…
Economics…

National Income – Limitations of using GDP as an Index of Welfare of a Country

27 Apr 20202 May 2020
# Limitations of using GDP as an Index of Welfare of a Country @ Many goods an services contributing economic welfare are not included in GDP or Non-Monetary Exchanges -…
Business…

Passive Income Series – Part 1 – Basics of Passive Income

26 Apr 202027 Apr 2020
# What is Passive Income ? Passive Income is a type of income which doesn't requires a person to work constantly to get it, and it reoccurs after a period…
Business…

Business Cycles – Phases of Business Cycles

25 Apr 20202 May 2020
According to Parkin and Bade - “The business cycle is the periodic but irregular up-and-down movements in economic activity measured by fluctuations in real GDP and other macroeconomic variables. A…
Business…

Business Cycles – Concept and Features

24 Apr 20202 May 2020
Business Cycle - It is a natural phenomenon of expansion and contraction in the production levels over a period, It is natural and happens with every business and every economy.…
Economics…

National Income – Concept – Part 2

23 Apr 20202 May 2020
Real & Nominal Concepts # Real National Income or National Income at Constant Price - When the national income is calculated on the basis of base year price index, then…
Economics…

National Income – Concept – Part 1

22 Apr 20202 May 2020
Before we start we need to understand some basic concepts of Income Gross - Whenever we say Gross it means we are including Depreciation to the value of the product.…
Economics…

Different Types of Goods in Economy

21 Apr 20202 May 2020
Normal Goods - A normal good is a good whose demand increases with increase in income, and demand decreases when income decreases. It has a direct relationship with income. It…
Business…

Market Failure – All That You Want To Know

20 Apr 20202 May 2020
What is Market Failure ? Market is a structure that allows buyers and sellers to exchange any type of goods, services or information. The exchange of goods or services, with…
How Human's Works…

Life in Times of Corona Virus Part 3 – How Can We Succeeded After This Lockdown ?

19 Apr 202021 Apr 2020
We are facing lockdown all around the world, due to corona virus and when it is over we will be out in a new world or may be in the…
How Human's Works…

Life in Times of Corona Virus Part 2 – What Should We Do During This Lockdown ?

18 Apr 202021 Apr 2020
Because of the Corona Virus nearly all the World is under the Lockdown, A lot peoples have lost their jobs, and others are in fear of losing their jobs, peoples…
How Human's Works…

Life in Times of Corona Virus Part 1 – How Did We Get Here ?

17 Apr 202021 Apr 2020
We are living in the best time of human history, where we have advanced to a point we couldn't have imagined a few hundred years ago, we have advanced in…
Business…

Oligopoly – It Takes Large Resources To Enter In

16 Apr 20202 May 2020
The term oligopoly has been derived from two Greek words, oligoi means few and poly means control. According to Prof. George J. Stigler, “Oligopoly is a market situation in which…
Business…

Monopoly – The Power Player

15 Apr 20202 May 2020
The term monopoly has been derived from a Greek word Monopolian, which means a single seller. Monopoly market is the extreme opposite of Perfect Competition. According to Prof. Thomas, “Broadly,…
Economics…

Perfect Competition – Explanation & Features

14 Apr 20202 May 2020
We have briefly explained it in our "Market - Concept & Types A Brief Introduction" post, but for those who missed that, here is the complete details of the topic.…
Business…

Monopolistic Competition – Explanation & Real Life Applications

13 Apr 20202 May 2020
We have briefly explained it earlier in our previous post. But in case for those who haven't read that we will discuss it from the Theory to the the Real…
Economics…

Market – Concept & Types – A Brief Introduction

12 Apr 20202 May 2020
Concept of Market For an individual it would mean a shopping complex or a place where he/she can buy things. But, in economics, the concept of market is very different…
Business…

Multiple Sources of Income

11 Apr 20202 May 2020
What is it's meaning and How it works ? Basically when you have income coming from more than one or two source, on which you primarily depends for your survival…
How Human's Works…

Consumer Behavior in Everyday Life

10 Apr 20202 May 2020
What do you understand by consumer behavior? This is actually so simple, and you can see its meaning coming to your head, .... But for the sake of those who…
Business…

Rich Vs Poor in Hard Time’s of Economy

9 Apr 20202 May 2020
Today we will be talking about how the hard times affects the people with different income levels in society, The Riches, The Poor's & The Middle Class. Before we start…
Economics

Statistics – Measures of Central Tendency – Geometric Mean & Harmonic Mean

8 Apr 202011 Apr 2020
Geometric Mean - Geometric Mean of a set of n observations is the nth root of their product. It is denoted by G.M. If we have two observations, then their…
Economics

Statistics – Measures of Central Tendency – Arithmetic Mean

7 Apr 202011 Apr 2020
What is the Measure of Central Tendency ? Measure of Central Tendency can be defined as a single value that represents the whole set of observation of data, this single…
Communication…

Communication – Concept, Characteristics & Process

6 Apr 20202 May 2020
Communication - Theoretical Concepts Today we will be working on theoretical concepts of communication. Theoretical concept is important for NTA UGC NET Aspirants who are preparing to be Professionals in…
Investing…

Investing – Concept & Rules

5 Apr 20202 May 2020
Investing Concept & Rules Investing has it's own importance in every persons life. There are two things which every person invests knowingly or unknowingly. These are TIME & MONEY. If…
Communication…

Communication – Effective Communication

4 Apr 20202 May 2020
Effective Communication How can we define Effective Communication ? Obviously everyone knows what is communication, communication is as old as the human civilization, In old times we started communication with…
Uncategorized

Introduction

3 Apr 202026 Jul 2020
The NET Economics Academy Blog is your one point destination for Learning, Understanding & Educating yourself for the Future. Here we provides information that will help you understand that How…

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  • What is the Concept of Green GNP ?
  • Difficulties in the Measurement National Income
  • Income Method of Measuring National Income
  • Expenditure Method of Measuring National Income
  • Value Added Method of Measuring National Income

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