Wealth definition was the first definition to economics.Welfare definition came for economics because of the criticism faced by the wealth definition. Welfare definition was proposed by,Alfred marshall in his book principles of economics. He...

First definition ever given for economics

The first systematic definition given for economics was by Adam smith. It was named as "Wealth definition" He states economics, as a study of how man earns and how he spends it.It deals with production,distribution and consumption of...

Law Of Demand

Law of Demand is one of the basic laws in economics.Economics is a social science, so the laws should also be taken in that respect. It expresses the relationship between the quantity demanded and the price.According to Alfred marshall,The...

Career Options for a Commerce student

This article is for those who want to know various options available for a commerce student .Always students are confuse what field they choose how to make their life this article will help everyone                                                  ...

Economics

Economics The terms used in economics 1) Economics: Economics is the study of how people choose to satisfy their wants and how they use means which are scarce but have alternative uses. 2) Scarcity: Scarcity means that the amount of the good or...

Special Economic Zones (SEZ)

Special Economic Zone (SEZ) is a geographical region governed by more liberal economic laws than the country’s economic laws. The main aim of SEZ is to increase foreign investment which will result in greater economic activity and employment. It...

Latest in Indian Banking

The Indian banking industry has been on a changing path for several years and adapting the latest changes from time to time.  The changes have brought significant benefits to the customers which provided many facilities.  Let us take a view on few...

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