Economics

Economic Terms You Should Know

Economic Terms You Should Know

The morning newspaper on the January 25th 2012 carried news among many others that the RBI has changed the CRR rate from 6% to 5.5%. My first thought: that does

What is Inflation?

What is Inflation?

Inflation means general level of price rise in goods and services produced in the economy. Let’s understand this with the help of an example. Let’s assume $ 500 fetches you

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