Here is an essay on ‘Economic Integration’ for class 11 and 12. Find paragraphs, long and short essays on ‘Economic Integration’ especially written for school and college students. Essay # 1. Meaning of Economic Integration: The modern industrial system rests upon such techniques that can be employed economically only if the production takes place on a very large scale. This [...]
Here is an essay on ‘Unemployment’ for class 8, 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Unemployment’ especially written for school and college students. Unemployment can be divided into different types according to the reasons for its occurrence. For example, there is frictional unemployment, which arises when a person is temporarily unemployed while moving between [...]
In this article we will discuss about the theories for business cycles. Also learn about its criticisms. Economists have observed business cycles (i.e., short-run economic fluctuations) for more than two centuries. Here are some of the different approaches that have been proposed: 1. Monetary Theories: These theories developed by R. G. Hawtrey and Milton Friedman attribute business fluctuation to the [...]