READ WELL

We find the teams at railway bookshops, the crowds within the bookstores of metros, the massive range of adolescents within the libraries. More and more individuals are reading. Here are some tips to celebrate over.

OBJECTIVES OF DEMAND FORECASTING

There are various objectives of demand forecasting that may be broadly divided into two categories:
(a) The short term objectives and,
 (b) The long term objectives.

FISCAL POLICY

Fiscal policy refers to the regulation of the level of government spending, taxation and public debt. The government uses its’ expenditure and revenue programs to generate desirable effects and avoid undesirable effects on the national income, production and employment.  It is the most important macroeconomic tool in the hand of government for intervention in the economy which the economists now consider essential in the matter of defeating recession or inflation or promoting and accelerating economic growth

MONETARY POLICY

The central bank’s policy relating to the control of the availability, cost and use of money and credit with the help of monetary measures to achieve the specific objectives of macroeconomic policy is known as monetary policy. It is the Central Bank of a country that formulates and implements the monetary policy in that country.

MARGINAL EFFICIENCY OF CAPITAL

The marginal efficiency of capital means the expected rate of profit, the expected rate of return over cost or the expected profitability of a capital asset. It is the highest rate of return over the cost expected from an additional or marginal unit of that capital asset. It is expressed as the ratio between the prospective yields of additional capital assets and their supply price. Symbolically,   e= Q/P, where, e is the marginal efficiency of capital, Q is the expected yield of return of a capital asset for a unit of time, and, P is the supply price of this asset.