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ICAI Official Announcement for New Scheme. The last attempt for the existing scheme exam will be in Nov/Dec 2023. Other questions like transition scheme, syllabus etc will be hosted on 1 july, 2023.

✅ List of Abbreviations Used in Economics ✅️ 📍Unit 1. Introduction PPF: Production Possibility Frontier PPS: Production Possibility Set PPC: Production Possibility Curve IC: Indifference Curve 📍Unit 2. Consumer’s Equilibrium and Demand MRS: Marginal Rate of Substitution MRT: Marginal Rate of Transformation TU: Total Utility MU: Marginal Utility ED: Elasticity of Demand ES: Elasticity of Supply 📍Unit 3. Producer Behaviour and Supply TP:  Total Product AP:  Average Product MP:  Marginal Product TC:  Total Cost TVC:  Total Variable Cost TFC:  Total Fixed Cost MC:  Marginal Cost SAC:  Short-Run Average Cost SMC:  Short-Run Marginal Cost AFC:  Average Fixed Cost AVC:  Average Variable Cost LRAC:  Long-Run Average Cost LRMC:  Long-Run Marginal Cost RTS:  Returns to Scale IRS:  Increasing Returns to Scale CRS:  Constant Returns to Scale DRS:  Diminishing Returns to Scale TR: Total Revenue AR: Average Revenue MR:  Marginal Revenue MRPL: Marginal Revenue Product of Labour VMPL: Value Marginal Product of Labour

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🎓 Expected cut offs of Delhi University colleges. 🎓 Eligibility criteria and seats availability.

Admit Card for CA Foundation June 2023 attempt has been released. You can download from here 👇 https://cdn3.tcsion.com//EForms/configuredHtml/1666/71696/login.html

● Class XII (CBSE) ● Economics ● Handwritten Notes with Numericals

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Built-in inflation 🌳 It occurs when workers expect their salaries or wages to increase when prices of goods and services increase to help maintain their living costs. 🌳 Built-in inflation can be viewed as a double-edged sword. As laborers demand higher pay, the cost of production increases, which can raise the cost of living.

Stagflation 🌳 Stagflation is characterized by slow economic growth and relatively high unemployment or economic stagnation which is at the same time accompanied by rising prices (i.e. inflation). 🌳 Stagflation can be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP).

Hyperinflation 🌳 Hyperinflation is a term to describe rapid, excessive and out-of-control general price increases in an economy. 🌳 While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.