What Is Money ? Why Is So Important ?What Is Fiat Money ? Explained -Basic Concepts Of Economy Part 4

What Is Money ? Everyone uses money. Through money we get the things we wanted.But, what exactly is it? What is the use of it ? Money is a Medium of Exchange... Read more »

Appreciation ,Depreciation Of Currency And Its Impacts-Explained -Basic Concepts Of Economy Part 3

What is Appreciation of Currency ? Currency appreciation is an increase in the value one currency regarding another currency. Let us see an example of currency appreciation. At the month of January,... Read more »

Recession ,Depression Cycle Of Economy ! Basic Concepts Of Economy Part 3

What is recession ? Recession is defined as a slowing down of the activity in the economy ie decline in GDP growth of an economy. What cause a recession ? Experts says... Read more »

Deflation,Dis Inflation!How deflation affects Economy -Basic Concepts Of Economy Part 2

Lets continue the next part ,that is disinflation and deflation.There is some difference between deflation and dis inflation.lets see that first. What is dis inflation ? Slow down in rate of increase... Read more »

What is Inflation ? Types Of Inflation And Its Examples-Basic Concepts Of Economy Part 1

Inflation Definition: Inflation is a rate at which general level of prices for goods and service is rising and consequently purchasing price of currency is falling . Let us see an example... Read more »