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✅ List of Abbreviations Used in Economics ✅️ 🔴 National Income and Related Aggregates GDP: Gross Domestic Product GDP MP: Gross Domestic Product at Market Price GDP FC: Gross Domestic Product at Factor Cost NNP MP: Net National Product at Market Price NNP FC: Net National Product at Factor Cost NDP MP: Net Domestic Product at Market Price NDP FC: Net Domestic Product at Factor Cost PI: Personal Income PDI: Personal disposable Income GVA: Gross value added NVA: Net value added 🔴 Money and Banking LRR: Legal Reserve Requirement CRR: Cash Reserve Ratio SLR: Statutory Liquidity Ratio OMO: Open Market Operation RBI: Reserve Bank of India GOI: Government of India MD: Money Demand MS: Money Supply 🔴 Income and Employment Determination APC:  Average Propensity to Consume APS: Average Propensity to Save MPC: Marginal Propensity to Consume MPS: Marginal Propensity to Save AD: Aggregate Demand AS: Aggregate Supply 🔴 Government Budget and Economy PSUs: Public Sector Undertakings FRBMA: Fiscal Responsibility and Budget Management Act 🔴 Balance of Payment BOP: Balance of Payment BOT: Balance of Trade PPP: Purchasing Power Parity NEER: Nominal Effective Exchange Rate FDI: Foreign Direct Investment

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● Concise Notes of Business Studies ● Class XII ● CBSE (2024-25)

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