Finance FAQs

What is full employment GDP?
The value of total output produced at full employment. ...... More »
What perfect competitive market and pure monopoly market have in common?
A perfect competitive market and pure monopoly market both have to follow the "law of demand". ...... More »
What is pricing of Factors of Production?
Whenever we have touched on the pricing of productive factors, we have signified the prices of their unit services, i.e., their rents. In order to set aside consideration of the pricing of the factors as "wholes," as embodiments of a series of fut...... More »
What is Ricardos Theory?
Briefly, the price of anything is based on comparative advantage. If Adam produces clocks better and cheaper than Bill, all clock production should go to Adam. ...... More »
How would you differentiate between strike labor dispute and labor unrest?
Unrest is unexcused walkouts or absences or you have unresolved issues that may lead to a strike. Labor strike is just that. Workers walk out on jobs and do not return until a new contract is negotiated and approved by membership ...... More »
What is Collateral management?
Collateral Management is a function to manage collateral effectively. It provides interface to enter collateral data, and it has a master data of collateral descriptions and types. It maintains customer, collateral, and credit account relationship...... More »
What countries are the members of the OECD?
Members of the Organization for Economic Cooperation and Development are: Twenty countries originally signed the Convention on the Organization for Economic Co-operation and Development on 14 December 1960. Since then a further ten count...... More »
What is an opportunity cost?
Opportunity cost is cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. Concept of opportunity cost is central to economics because...... More »
What is consumption?
"Consumption" is an old name for tuberculosis (TB) that describes how the illness wastes away or consumes its victims. TB is "an ancient enemy" that has plagued humankind for more than five thousand years. It can also mean to "consume", ...... More »
What is the role of Indian government in Indian economy?
Keynesian (John Keynes) economics is all about using monetary and fiscal (Government) policies to help direct the market towards equilibrium. Keynes did not believe that the market was self-correcting, and thus required government involvement. Key...... More »