Stock and Flow are two most important concepts in Economics. Some of the Macro Economics variables relate to stock concept while other variables relate to flow concept. However, here we will see how we identity such variables as stock and flow. Firstly, we have to define what stock is and what flow is. Definition of […]
Stock and Flow concepts in Economics-Free Notes Class 12 Read More »
Introduction Gross Domestic Product (GDP) is one of the most important concept in economics. It is also one the most commonly used term in conversations related to economics. GDP has many related concepts, one of which is GDP Deflator. In the current article, we will provide you an easy definition of GDP Deflator. Moreover, we
Introduction Gross Domestic Product (GDP) is one of the most important concept in Economics. This concept is such a popular concept that even laymen people also use it in their conversation even without knowing its exact meaning. However, for a student of economics, definition of GDP is a must know thing. They must know the
