The Flame Test
अग्नि परीक्षा:
The Flame Test
: Dr. Manoj Kumar Patel :
Economic Recovery post-covid19: a Layman’s Viewpoints
Economic Recovery post-covid19: a Layman’s Viewpoints : Dr. Manoj Kumar Patel : Economy and Economics: An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments. A region's economy is connected with things like how many goods and services are produced and how much money people can spend on these things. The economy is measured by the Gross Domestic Product or GDP. When the GDP growth rate turns negative, the economy enters a recession. The most important part of the economy is consumer spending. So, as a rule of thumb, more the transactions and spending by the consumers better is the economy of that country. Thus money should be available in the hands of the consumers. The other three components are business expenditures, government spending, and net exports. Economics is a social science that deals wi
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