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IMPACT OF FISCAL POLICY IN RESOLVING UNEMPLOYMENT IN INDIA

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  Abstract Through this assignment of mine, some impacts of fiscal policy on unemployment in India have been explained. Unemployment is now one of the major macroeconomic concerns of the country. Government is trying its best to solve this issue but don’t seem to find the right remedy. It has tried both fiscal and monetary policies for this concern among which I would like to look upon the impact of fiscal policies only here in this assignment. After all, I would like to relate this issue with the popular IS-LM framework in both supporting and contradicting ways. We will have to remember one important and a very basic point. Fiscal policy (cutting down taxes/ increasing spending) can lead to increase in aggregate demand (AD) and rise in real GDP. Thus the economic growth will lead to increase the demand for workers. This leads to rise in employment and reduces unemployment. This basic idea gives us an insight that the fiscal policy has a positive impact on solving unemployment. ...
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IMPACT OF COVID-19 ON MEDICAL PRACTICES

Impact of COVID-19 on medical practices This is an unforeseen situation for all of us. The pandemic has left everyone clueless as nobody of us saw it coming. One day this pandemic situation is surely going to end and the post covid-19 period is going to be different not only for the consumers of health but everyone in all departments. I would like to go through some of the positive impacts and make a small comparison of medical practices between the pre COVID-19 and post COVID-19 periods. In my opinion the greatest positive impact of COVID-19 would be on the physicians and the doctors of the current situation. The amount of pressure these health care providers take is unimaginable.   The society has developed a great amount of respect for the doctors now I therefore see the same gesture even after the pandemic in a long run. ·        To promote social distancing and avoid such risk, many suppliers/ providers are going to rely more on telehealth t...
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Consumer Preferences and Microeconomics

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Consumer preferences plays a huge role in Economics as it is important to understand the relationship between preferences and consumer demand curves. A supplier's duty is to figure out what consumers prefer so that their products stand higher than that of their competitors' A consumer is rightly crowned as the King of Microeconomics as he sets the tone for the seller from choosing the product to fixing the price.  Preferences vary from each other. Consumer preferences don't depend on the income and the price. For example, Rahul (consumer) can have a preference for Rolex watch over Timex even though he cannot afford it. Consumer preferences allow a consumer to rank different bundles of goods according to levels of utility, or the total satisfaction of consuming a good or service. Commodities have alternative uses which is one of the major concerns in microeconomics as a result of which a consumer is supposed to choose his product with utmost perfection. Adding to this concer...
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