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What is Stagflation, Define Stagflation Or Inflationary Recession

What is Stagflation, Define Stagflation Or Inflationary Recession

What is Stagflation, Define of Stagflation The word stagflation is the combination of two words Stag from stagnation and flation from inflation. In stagflation both the higher level of employment and inflation are attached. It is therefore, also called “Inflationary recession.” Keynesian define stagflation as it …
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Income Theory of Consumption | Keynesian Consumption Function

Income Theory of Consumption | Keynesian Consumption Function

Keynesian Consumption Function The Keynesian consumption function, as elaborates by the post Keynesian economists likes James Tobin, Arthur Smithies is called the absolute theory of consumption. Consumption spending is the positive function of the absolute level of income that is, higher the level of current income, …
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Post Keynesian Theories of Consumption Demand

Post Keynesian Theories of Consumption Demand

Even before the publication of Johan Maynard Keynes book, some economists were of the view that income and consumption were functionally related. However, it was Keynes who first stressed the importance of the positive functional relationship between aggregate income and aggregate consumption.  The consumption function c …
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What is Student Assessment, Types of Student Assessment

What is Student Assessment, Types of Student Assessment

What is Students Assessment Students assessment is mastery of what is being or has been taught is indispens­able to good teaching and is frequently an integral part of instructional procedures. Such a statement as “Doing these exercises will give you an opportunity to see how well …
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Aristotle Theory, View, Aim, Curriculum & Method of Education

Aristotle Theory, View, Aim, Curriculum & Method of Education

Aristotle is the disciple of Plato and the tutor of Alexander the Great. Aristotle is well known scientist and philosopher. When Alexander became the king of Macedonia, Aristotle established his own school lyceum in Athens. Aristotle View of Education Points of Aristotle view of education are …
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Plato’s Stages of Education B.Ed Notes

Plato’s Stages of Education B.Ed Notes

Plato has reckoned different stages of life and has prescribed proper education for these periods Plato’s First Stage of Education.  Plato’s first stage of education is up to seven years of child’s life. At this stage children should be educated by their mother or nurse in …
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Plato Theory of Education & View of Education

Plato Theory of Education & View of Education

Who is Plato Plato is known to be authority on idealism and philosophical interpretation of material and metaphysical realm. He is Greek intellectual, the pupil of Socrates, and the tutor of Aristotle. The early Greek society The Greek society is socially, politically, and religiously corrupts. That’s …
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What is Mixed Economy, Advantages & Disadvantages of Mixed Economy

What is Mixed Economy, Advantages & Disadvantages of Mixed Economy

Definition of Mixed Economy Mixed Economy is an economic system which combines in itself the features of capitalism and that of the Socialism. Meaning of Mixed Economy Unlike a pure capitalistic economy, Mixed Economy has an important public sector, i.e. a number of industries which are …
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What is Socialism, Advantages and Disadvantages of Socialism

What is Socialism In socialist economic system means of production are owned and managed by the State. Ownership of means of production is not allowed. In socialism economic activities are carried on mainly for social gains and personal interest is of less significance. In this economic …
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What is Communism – Advantages & Disadvantages of Communism

What is Communism Communism is an economic system where means of production are controlled and managed by a Central State Authority, and there is also a restriction on the ownership of personal property. In communism personal belongings, as clothing, watches, and shoes are allowed to be …
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