What is the meaning of Ceteris Paribus?

January 10, 2018

Ceteris Paribus is a commonly used phrase in economics which is used to completely ignore the effects of other factors apart from the one which is being under consideration which signifies the special causal relation between two variables. The phrase theoretically means ‘all other things being unchanged or constant’....

What are Actuaries?

November 27, 2017

An Actuary is a person who has expertise in the fields of economics, statistics and mathematics and helps in assessing risks and estimation of premiums for insurance firms. Advanced techniques, statistical and analytical skills are needed for evaluating risks and returns related to every proposal. They have a vital...

GK & Current Affairs – May 9, 10, 2016

May 10, 2016

Meaning and Types of Share Capital

May 5, 2015

Availability of capital can be one of the major constraints in setting up or expanding a business because of limited pool of resources of the promoters of a company. To overcome this constraint, a promoter can raise money from public by issuing shares of the company. The funds raised...

Meaning of Investment

December 22, 2014

The meaning of the term “investment” is different for economists than the rest of the world. When we ask our banker for investment, he / she would probably start taking about stocks, mutual funds, some deposit accounts or insurance products. But, for an economist, these purchases of financial assets...