Indian Economy Questions

In economics, the cost of something is what you give up to get it.

Mutual Funds are regulated in India by SEBI (Securities and Exchange Board of India). It was founded in 1992. In 1996, SEBI formulated the Mutual Fund Regulation.

Money spent by the government on government programs such as road work, electricity work, manhole, etc... that are aiming to contribute to the nation's social welfare in long and short term are referred to as Goverment Expenditures.

Tennis rackets and ballpoint pens are two independent goods. Since, one doesn't depend on the other.

A business owned by one person and operates for their benefits is called as Sole Proprietorship or sole trader.

Globalization has the largest effect on the economies. Globalisation is the process of interaction and integration between people, companies, and governments worldwide.

The most important determinant of consumer spending is the level of income.