Trade policy governs exports from and imports into a country. It is guided by the Export-Import (EXIM) Policy of the Government of India which is Regulated by the Foreign Trade (Development and Regulation) Act, 1992. It contains various policy with respect to imports and exports i.e. export promotional measures, policies and procedures related thereof. Policy was prepared and announced by the Central Government (Ministry of Commerce and Industry) for every 5 years of span.
www.slideshare.net/The…/export-import-policy-53559603
Promotion
Promotion is the entire set of activities which communicate the product, Brand, Service so on to the user. The Idea is to make people aware, attract and induce to buy the product, in preference over others.
www.slideshare.net/TheYoungIndianEconomi…/promotion-53428899
Please follow us on
www.slideshare.net/TheYoungIndianEconomists
TheYoungIndianEconomists.wordpress.com
www.facebook.com/TheYoungIndianEconomists
Education is Economics
Glossary of Economic terms
Studying of Economics often seems hard. It is only because of the vocabulary used in defining the economic concepts, here are a set of terms which are frequently used in economics along with definitions..
Demand analysis
The “Demand” for a commodity, at a given price, is the quantity of it which will be bought per unit of time at that price.
In economics, demand refers to the buying behavior of a household. When desire is backed by willingness and ability to pay for a good or service then it becomes Demand for the good or service.
http://www.slideshare.net/TheYoungIndianEconomists
http://www.facebook.com/TheYoungIndianEconomists
Consumer Behaviour is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions. The study of Consumer Behaviour assumes that the consumers are actors in the marketplace.
Find presentation here:
Our first presentation. Please view it on
We feel pleasure to place the concepts related to Economics with the intention of easing the efforts for those who are seeking the knowledge about The Economic Science under the banner of “TheYoungIndianEconomists”.
Please follow us on
www.slideshare.net/TheYoungIndianEconomists
www.facebook.com/TheYoungIndianEconomists
Introduction
The activity of seeking wealth is as old as Human Civilization. Human beings either as individuals or as groups or as large kingdoms and empires have always been engaged in acquiring and increasing the material wealth.
However, a disciplined study of the wealth producing activities was commenced about 230years back when Adam Smith, the father of Economics, published “The Nature and Causes of Wealth of Nations”. Economics, as a discipline, constitutes the most important subject to analyze activities related to wealth creation and distribution. The dimensions of the subject of Economics are truly vast and encompass all aspects of our lives. Undoubtedly, Economics has come to be known as the mother of all social sciences. A study of Economics gives a perspective and a macro attitude while analyzing financial
activities. It provides an insight into various economic problems faced by a country and also provides solutions to solve these problems.
Since it deals with problems and questions that affect almost all kinds of individuals in their capacities as consumers and producers, an adequate knowledge of the science of Economics is a prerequisite for understanding the economy and its various components.
Indian economists are known throughout the world for their immense contribution in the economic prosperity of the country. Basically, they are the scholars who have specialized in the vast field of economics. Indian economists mainly deal with the study of various concepts of economics. Moreover, they also devise such methods that are required to measure as well as fuel the growth of economic prosperity of the country. It can be aptly said that Indian economists have tried and changed the world for a better tomorrow. Precisely, some of the Indian economists have also presented several theories and hence created models that explain the basic functioning of the world economy as a whole. These economists do a thorough research and study the market dynamics both on macro and micro levels. Apart from studying the dynamics of economics, they also contributed in formulating some broad rational theories in order to make a more balanced world.
About our project
We Harshitha.S and Imran Pasha, students of Master of Applied Economics (M.A) took an opportunity to share our knowledge about Economics. The authors of this blog feel happy to place topics related to Economics with the intention of easing the efforts for those who are seeking the knowledge about the Economic science under the banner of TheYoungIndianEconomists.
The topics are prepared ranging from Basic Economic Principles and Issues to those of Advance Economics. They are presented in a simple and plain language. The various laws, theories and concepts of Economics are explained as far as possible with the illustrations from the Indian conditions. The preparation has inevitably drawn fairly upon the writings and teachings of large number of eminent Economists, past and present. The topic includes extensive use of charts, tables, graphs, examples, facts and figures for calculations. We also aim to share about important concepts, current issues, model questions, abbreviations, formulas, etc. To extend our discussion, we would like to conduct surveys in the form of questionnaires regarding different scenarios in the economy.
We welcome any suggestion or criticism aimed at improving the quality.
theyoungindianeconomists 