Human resources are one of the most important assets for any business organization. In order to take maximum benefit of the available human resources, an organization must have a Human Resources Planning process (HRP). Human Resources planning is a continuous process that should carry out by the Human resources department of an organization to ensure …
Business cycles can be defined as the regular fluctuations of national output or the aggregate economic activities of an economy. The business cycle affects not only the national output or the GDP but also all the macroeconomic sectors such as level of employment, general price level, sales, and international trade, etc. Business cycle consists of …
Aggregate demand and aggregate supply are two mainly important components to any economy. Aggregate demand Aggregate demand refers to the total amount of goods and services that will be purchased by all the sectors, consumers, firms, and the government, at all possible price levels. Since this is the total amount spent on the national output …
The consumer price index is a weighted index used to measures the changes in consumer pieces in an economy. This used to observe the changes in the real value of money as a result of the inflationary situation. This is also taken as a macroeconomic tool that indicates the performance of the economy because the …
A country’s national income refers to the income earned by the people by contributing factors of production to the production process. This is one of the most important macroeconomic factors which is calculated annually. Macroeconomic studies are carried out annually to evaluate the performance of the economy. National income calculation is one of the criteria …
National Income and Growth – The ways to measure Read More »
Trade barriers have become one major reason that slows down economic growth. Almost all the countries in the world involve in international trade in different degrees. Goods are imported and exported due to different reasons and trade is interconnected. In international trade, there are different restrictions of which some are natural and the others are …
A financial system in an economy is a set of institutions such as banks, insurance companies, stock exchange, etc. that render a prominent role in an economy. The functioning of the financial system has multifaceted effects on the economy. The central bank of the country has the authority to shape, control and monitor the financial …
