Economics

Difference between Reserve Bank of India (RBI) and National Bank forAgriculture and Rural Development (NABARD)

Posted on

In this article we will discuss about Difference between Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD) NABARD It is an apex bank of India which regulates and develops agricultural as well as rural development. It was established in 12 July 1982 and its headquarters are located in Mumbai […]

Concept of Fiscal Policy

Concept of Fiscal Policy: Meaning,Types, Objectives and Techniques usedin fiscal policy

Posted on

In this article we will discuss about Concept of Fiscal Policy: Meaning,Types, Objectives and Techniques used in fiscal policy. Fiscal Policy Fiscal policy is a policy used by government to collect revenue and expenditure and it helps to influence economy. Revenue is generated from the taxes whether those taxes are direct or indirect taxes. Fiscal […]

Centralization and Decentralization

Difference between Centralization and Decentralization with its comparison

Posted on

In this article we will discuss about Difference between Centralization and Decentralization with its comparison.  Centralization  Centralization means  the power and authority to the top level regarding decision and planning. It is opposite of decentralization. Top managers make all the decisions. Subordinates simply carry them out. In centralization the flow of communication is formal and vertical […]

Economics

Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility

Posted on

In this article we will discuss about Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility. TOTAL UTILITY Total utility (TU) means total satisfaction obtained from the consumption of all possible units of a commodity. It includes total satisfaction which consumer gets from consumption of all goods and […]

Concept of Utility

Concept of Utility, Total Utility and Marginal Utility

Posted on

 In this article we will discuss about Concept of Utility, Total utility and marginal Utility. UTILITY Utility means satisfying power of a commodity and consumer get satisfaction by consumption of goods and services. In other words utility means usefulness of goods and services for the satisfaction of human wants and it depends upon the intensity […]