Investment

How GDP is Calculated?

how gdp is calculated

What is GDP? Gross Domestic Product (GDP) is total market value of all final goods and services produced within a country and within particular time period. There are two types of GDP Nominal GDP :- Current year production valued at current year price. Real GDP :- Current year production valued at base year price. How …

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What is Economy ? Types of Economy

In simple words, Economy is the management of scarce type of resources. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources. Economics studies how individual, firms, government and other organizations withn our society make choices. Economic studies …

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