Category: Economics

World Economics-Related Issues

World economy today and future prospect The world’s economy is contemporarily of great concern across the world. Recently, there has been a significant decline in rate growth of gross fixed capital formation and aggregate demand. Such trends can be associated with the weak aggregate demand, reduction in commodity prices, and increased insta...

India’s Economy

Question 1 The founders of contemporary India strived to guarantee that the economic system was not concentrated on wealth. This approach was preserved in the Constitution of India. The constitution places a responsibility on the government to regulate the distribution of wealth. By implication, it should regulate the growth of big business groups....

The Great Depression

The Great Depression is a significant world crisis that influenced every developed country of the interwar period. As a crisis, it revealed the inconsistency of the gold standard system, which was already too archaic and could not effectively perform the functions necessary in the industrial society. Through this prism, the Great Depression showed ...