Economics

General Studies 2 Notes for IAS (Welfare schemes for vulnerable sections)

Vulnerable groups are those groups of society which would be susceptible under any unfavourable situations such as where the adults are not capable of providing a satisfactory living for the household due to health issues like disability, illness, age or some other characteristic, and groups whose resource endowment is poor to provide sufficient income from …

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Economy Basic Concepts Part 6 – Inflation

Graph showing Increase in AD AD can increase for the following reasons: Increased wages. Higher real wages increase disposable income and encourage consumer spending. Increased government spending (G). Fall in value of sterling which makes exports cheaper and increases the number of exports(X). Increased consumer confidence, which encourages spending (C). Lower income tax which increases …

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