Question
In economics, the "multiplier" concept refers to the ratio
of increase in income to increase in what?Solution
In economics, the multiplier is defined as the ratio of change in national income (or total income) to the initial change in investment or spending. This concept illustrates how an initial increase in investment leads to greater income generation throughout the economy. When investment increases, it creates a ripple effect of spending and income generation, which results in further rounds of consumption and investment. The multiplier effect demonstrates how economic activity can be amplified beyond the initial investment stimulus.
Section 66 of the Chhattisgarh Excise Act 1915 relates to:
Which of the following is not mentioned under S. 14 of evidence Act as fact showing the state of mind ?
The liquidator shall hold the liquidation estate as a fiduciary for the benefit of_______________
Who shall appoint employees of SAT?
According to Code 59 (1) of the Occupational Safety, Health and Working Conditions Code, 2020, what is the time limit for making an application to the ...
Under what circumstances can any authority authorized by the Central Government detain an aircraft, as per the Aircraft Act?
What is included in the term "promissory note" as per the Government Securities Ac?
Under which section of the IPC, Gang rape is punishable?
What does the term Lok Adalat mean?
As mentioned under s. 3 of the Transfer of Property Act, 1882, immovable property does not include-