Home » Archives for February 2020

Archive - February 2020

Blog

Pareto Efficiency

Briefly discuss the concept of Pareto efficiency. Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make...

Blog

Functions Of Commercial Banks

Q. Write down the functions of commercial banks. Ans. The main functions of commercial banks are: Receiving of Deposits: Advancing loans: Collection &...

Blog

Real Price

“The Real Price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”

Adam Smith

Blog

Adam Smith

Adam Smith (1723-1790) Adam Smith was a philosopher and economist who is best known for his classic work “An Inquiry into the Nature and Causes of the Wealth...

Blog

Inequality

“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.”
Plutarch, Greek Historian.

Blog

Self Interest

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”...

Blog

Comparative Advantage

“The man who comes up with a means for doing or producing almost anything better, faster or more economically has his future and his fortune at his...

Blog

Human Capital

“The most valuable of all capital is that invested in human beings”
Alfred Marshall