Basic Economic Problem

Basic Economic Problem

Scarcity | Choice | Opportunity Cost Three big questions summarise the scope of economics- How do choices end up determining what, how, and for whom goods and services are produced? Goods and services are the objects that people value and produce to satisfy human wants. What we produce varies across countries and changes over time. …

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Monetary Policy

Monetary Policy – Objectives of Monetary Policy

Monetary Policy Monetary policy refers to the combination of measures designed to control the supply of money and credits conditions in an economy for the purpose of achieving macroeconomic goals. In other words, it is the regulation of money supply, interest, and exchange rate through the monetary authorities with the view of achieving macroeconomic objectives. …

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