Primary, Secondary, and Tertiary sectors are parts of Economic Activities. Primary Sector The primary sector is that sector where all the activities can be done by exploiting the natural resources Such as Agricultural activities(Farming, fishing, lodging, etc.), Mining, Oil Extraction, etc. This sector is known as the “Primary Sector” & known as the “Agriculture Sector”. … Read more
Economic Activity Economic activity is an activity where money is involved is basically known as Economic activity in other definitions, we can say that it is an activity making production, distribution, exchange, and consumption of goods and services known as economic activities. Let’s understand with an example: Suppose there is a person named “Adam” who … Read more
Economics Economics is the study of how society uses its scarce resources to create value. Like suppose India has limited resources to distribute among consumers, but the problem is that consumers are unlimited or we can say that RESOURCES < CONSUMER, now how to manage this problem, so here the word comes “economics” Which explains … Read more
What is CryptoCurrency? Cryptocurrency is a digital currency or we can say virtual currency where it is used for buying any type of goods and services via online modes. These modes are in the form of networks where all the nodes of the network help to complete the transaction between the sender and receiver. The … Read more
What is Investment? Investment is just an asset where we buy something valuable and keep it for a long time and when its value increases then we’ll sell it to earn a good profit. Investments like gold, property, land, etc. are the basic investment where most people invest their money in it for the long-term … Read more
We all keep hearing about the word “bank” in our day-to-day life because this is the place where the income of our family members is deposited into the bank accounts and sometimes we go to banks for some other purposes like Borrowing Money, Debit cards, Bank Statements, Business Services, Home Buying etc. and many other. … Read more
Finance plays a important role on our daily life where we all are taking about money “How to Earn”, “How to Manage” and “Where to Use”. These things plays a vital role to control our financial condition. The concept of finance is all about managing and spending money wisely. It’s like a road map for … Read more
Economic Growth The term “economic growth” refers to the output that measures how much production of goods and services are produced in a country. It basically tells about the quantity of production. In simple words we can say that it is a process of increasing the value of goods and services produced in an economy … Read more
Money Market Money market is a part of financial market, In this market the securities are traded between the institutions or investors for a short period of time. The word “Short Period of time” means that within a 12 month or 1 year but not more than 1 year. This type of market is known … Read more