Economics

Keynesian Theory of Income and Employment Cover

Keynesian Theory of Income and Employment

Among many economists that introduced important theories, John Maynard Keynes proposed many theories that contradicted previously accepted economic concepts. One of his theories that allowed different economies to understand unemployment better was the theory of income and employment. What is the Keynesian Theory of Income and Employment? This theory, also known as the Effective Demand Theory …

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Keynes Psychological Law of Consumption Cover

Keynes Psychological Law of Consumption

Throughout the history of economics, there have been numerous economists that introduced new theories and laws. While some of them were accepted and contributed to the modern economic system, others simply perished with time. Keyne’s psychological law of consumption is one that is still being used today. What is Keynes’s Psychological Law of Consumption? This …

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Role of Agriculture Indian Economy Cover

Role of Agriculture Sector in Developing Indian Economy

In the world of fast-growing economies, along with advancements in technology, it is easy to forget that developed nations were once heavily reliant on agriculture for economic growth. While other nations have dropped investing in agriculture significantly, India is still among the top nations to put a strong emphasis on its agriculture sector. Agriculture Sector …

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