Nationalization of the banking sector in India is one of the most important chapters of the Indian Economy. On January 1, 1949, the...

The Reserve Bank of India (RBI) was established on April 1, 1935, per the provisions of the Reserve Bank of India Act, of 1934. RBI is...

National income is defined as the total monetary worth of all final products and services generated in a country over time. As regards...

The service industry can be defined as an industry that provides products and services mostly in intangible form. It is not involved in...

Economic activity related to the transformation of resources into usable goods is referred to as industry. Industry includes both the...

Agriculture is the science and art of farming. It includes cultivating the soil, growing crops, and raising livestock. It played an...

Economic activities can be classified in various forms. One such form is the ‘Three-sector’ model. The ‘Three-sector’ model divides the...

Introduction Macroeconomics is the branch of economics that analyses the entire economy. It deals with the total employment, national...

The subject matter of economics is divided into two categories – microeconomics and macroeconomics. The term ‘micro’ is derived from the...