Investopedia / Michela Buttignol The aim of applied economics is to inform economic decisions and predict possible outcomes. Applied economics relates the conclusions drawn from economic theories ...
Definition: Impulsive buying is the tendency of a customer to buy goods and services without planning in advance. When a customer takes such buying decisions at the spur of the moment, it is usually ...
The definition of economics has nevertheless dynamically changed, reflecting changes in the economic environment as well as improvements in knowledge of people’s behaviour and their use of resources.
Definition: According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and ...