Human capital, unlike physical capital, is intangible. You all may have heard of the term ‘capital’ in economics. Adam Smith defines capital as “That part of man’s stock which he expects to afford him revenue”. Capital is one of the four factors of production – land, labour, and entrepreneurship being the other three. There are […]
Economics Notes
Economic Survey 2018-19 – How can you download (or buy) it?
Just like the Budget, Economic Survey is a very important document for anyone interested in Indian Economy. Are you in search of the latest Economic Survey ie. Economic Survey 2018-19? The latest Economic Survey – Economic Survey 2018-19 Are you thinking that the latest economic survey released by the Ministry of Finance is Economic Survey […]
Interim Budget 2019-20 – Key Points of the Indian Budget 2019
Piyush Goyal, Minister of Finance, presented the Indian Budget 2019 (Interim Budget 2019-20) on February 1, 2019. In this article, we shall help you not only understand the key points of the Union Budget 2019 but also understand the key concepts like Fiscal Deficit, Primary Deficit etc. By analysing the budget estimates, we help you […]
Ease of Doing Business – ‘The Rank’ Explained
The Doing Business project by the World Bank provides objective measures of business regulations for local firms in 190 economies. India, recently, has been performing quite well of the Ease of Doing Business Rankings. India now ranks 77 among 190 economies (2019). What is Ease of Doing Business Rank? The Ease of Doing Business Rank […]
Core of the Core Schemes, Core Schemes, and Major Central Sector Schemes in Union Budget 2018
Do you know that Central Government Schemes are classified into Core of the Core Schemes, Core Schemes, and Major Central Sector Schemes in Union Budget 2018? Centrally Sponsored Schemes vs Central Sector Schemes Actually, the two major classifications of Central Government Schemes are Centrally Sponsored Schemes (CSS) and Central Center Schemes (CS). Centrally Sponsored Schemes […]
Crowdfunding – Benefits and Concerns
Through social media and various other platforms, you might have heard the word ‘crowdfunding’. It is one of the emerging and innovative ideas which is boomed after the spread of the internet. In this article, we shall see what is ‘crowdfunding’, its benefits, concerns, and the way forward. What is Crowdfunding? Crowdfunding refers to the practice […]
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