The modern theory of rent is the concept of lending a piece of land for the sake of production of anything like goods and services or for residential purposes. The payments are made in return for the allotment of land, it is the surplus payment made by the borrower in return of rented property. The […]

The gross added value, or GVA, is known as a macro-magnitude in terms of terms within the economy. A macro-magnitude is a quantified measure of facts and data of the economy within a certain region or country. Study crucial aspects within the economy such as unemployment or the rate of growth, in this sense as […]

The economic policies are based on the overall health and ongoing progress of the economy, the GDP and unemployment are the major indicators for any economy. Macroeconomics is directly related to the microeconomics, a household or a firm taking economic decisions, to sum up to for a macroeconomic decision of a country or region. The […]

The structural unemployment is a type of unemployment caused by a mismatch in the economy. There are many elements that can influence this, from the distribution of wealth and productivity at the agrarian level, to an inefficient public administration. In terms of economy and statistics, they often refer to unemployment as unemployment, there are many […]

What is Microeconomics Microeconomics is a detailed study and knowledge of economics dealing with the behavior of individuals and businesses in the decision-making process at the individual level and for corporations in presence of limited or scarce financial and natural resource. Microeconomics also deals with the ways of dealing with the decision-making processes with limited […]