Free Market vs Collectivist Economy
Chapter – Market Regulation Free Market The free market economy is an economic system where the basic economic issues, such as what to produce, how to produce, for whom to produce, and at what price…
Life Cycle Income Hypothesis (LCIH) Derivation with Diagram
Life Cycle Income Hypothesis (LCIH) – Developed by Modigliani, Brumberg, and Ando (MBA) This hypothesis was developed by the MBA during the 1950s, which argues that every rational individual tries to smooth out their consumption…
Nepal Rastra Bank Vacancy (NRB Vacancy 2082) 76 Posts
Nepal Rastra Bank has published the vacancy for 2082. The following vacant posts will be filled through open competition. The examination is to be conducted by the Public Service Commission. 1. Vacancy Details 2. Minimum…
Relative Income Hypothesis (RIH) Derivation with Diagram
The Relative Income Hypothesis (RIH) was developed by James Duesenberry in 1949. He proposed that an individual’s consumption is based not only on their absolute income but also on their income relative to others in society, a…
Absolute Income Hypothesis (AIH) Derivation with Diagram
Theories of Consumption and Saving What is the Consumption Function? Functional relationship between the consumption and various determinants of it. Which means Consumption = f(income, taste, preference, price level, demographic characteristics, interest rate, expectation of…
IS Curve Definition & Derivation with Diagram
IS- Curve (Investment-Savings Curve) The IS in the IS curve stands for Investment-Savings. It is a component of the IS-LM macroeconomic model. The IS-Curve represents the real sector/product market equilibrium of the economy, which shows the various combinations…
What is Macroeconomics
What is Macroeconomics? Macroeconomics is the branch of economics that studies the behavior and performance of the whole economy. It covers the economy as a whole rather than just focusing on individual markets or businesses.…
Sangathit Sanstha 4th Paper Pretest Questions 2082
Sangathit Sanstha 4th-level pretest question collections 2082. Here is the question set for Sangathit Sanstha (Organized Public Institutions), second, 4th level (Kharidar) pretest, asked in the year 2082.
Bank and Financial Institution Act 2073 Highlights & Major Provisions
Banks and Financial Institutions Act (BAFIA) 2073 is an umbrella law of Banks and Financial Institutions (BFIs) in Nepal. Chapter 1 – Preliminary Chapter 2 – Provision on Incorporation of Bank and Financial Institutions Chapter…