Tag Archives | Problems

Friedman-Phelps Model of Stagflation: Equations, Curves, Criticisms and Conclusion

Friedman-Phelps Model of Stagflation: Equations, Curves, Criticisms and Conclusion! With the existence of stagflation, new economic models appeared during 1970s. M. Friedman and E.S. Phelps sought to explain the phenomenon of stagflation (or the instability of the Phillips curve) in terms of inflationary expectations; changes in inflationary expectations cause shifts in the Phillips curve. According to the Friedman-Phelps model, the [...]

By |2018-08-13T06:52:03+05:30August 13, 2018|Friedman Phelps Model|Comments Off on Friedman-Phelps Model of Stagflation: Equations, Curves, Criticisms and Conclusion
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Central Problems of an Economy (With Diagram)

In this article we will discuss about the central problems of an economy, also learn about their relative importance. Every nation's resources are insufficient to produce the quantities of goods and services that would be required to satisfy all the wants of its citizens. This is known as the problem of scarcity and this can be overcome by exercising choice. [...]

By |2017-01-13T05:58:26+05:30January 13, 2017|Economic Problems|Comments Off on Central Problems of an Economy (With Diagram)
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9 Main Causes of Rural Indebtedness

The following points highlight the nine main causes of rural indebtedness. The causes are: 1. Better Position to Borrow 2. Farmer's Increased Credit 3. Un-Remunerative Farming 4. Heaviness of Land Revenue 5. Increased Standard of Living 6. Conditions Necessary to Induce the Money Lenders to Lend 7. Improvident Expenditure 8. Ancestral Debts 9. Questionable Practices of Money-Lenders. Cause # 1. [...]

By |2016-08-18T11:20:42+05:30August 18, 2016|Rural Indebtedness|Comments Off on 9 Main Causes of Rural Indebtedness
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