The financial account The financial account is one of the two major components under the financial and capital account. The major components of the f…

National Income Accounts N ational income accounts (NIAs) are fundamental ag…

Macroeconomics Definition of 'Macroeconomics' The field of economics that studies the behavior of the aggregate economy. Macroeconomics…

Theory of Costs - Introduction to Costs Theory of Costs - Introduction to Costs Nitish Kumar Arya M.A. Economics Banaras Hindu University Varanasi 2210…

Market Theory and the Price System   About this Title: The second volume in Liberty Fund’s The Collected Works of Israel M. Kirzner series, Marke…

Cross-Price Elasticity of Demand The Cross-Price Elasticity of Demand measures the rate of response of quantity demanded of one good, due to a price…