Economy example sentences

In this chapter, you will see how modern means of transport and communication serve as life lines of our nation and its modern economy.Therefore the aggregate value of output of the economy is Rs 200 (final expenditure received by the baker) + Rs 50 (final expenditure received by the farmer) = Rs 250 per year.In other words, with an increased supply of money in the economy the price you have to pay for holding money balance, viz.An open economy is one that trades with other nations in goods and services and, most often, also in financial assets.But aren't we contradicting ourselves? Earlier we have seen how, of the total output of final goods in an economy, if a larger share goes for production of capital goods, a smaller share is available for production of consumer goods.The equation tells us that as the income of the economy increases above zero, the economy uses c proportion of this extra income to increase its consumption above the minimum level.The second and third columns measure the increments in total consumption expenditure in the economy and increments in the value of aggregate demand in a similar way.The built-in stabilisers, however, reduce only part of the fluctuation in the economy, the rest must be taken care of by deliberate policy initiative.The value added of the refinery will be counted as part of the GDP of the economy.The last column is the sum total of these two, which, by definition, is the increase in money supply in the economy in each round (presumably the simplest and the most liquid measure of money, viz.Hence, in the next round, aggregate demand in the economy goes up by (0.An economy is best understood when we study its components or sectors.The fall in the value of the autonomous expenditure multiplier with the opening up of the economy can be explained with reference to our previous discussion of the multiplier process (Chapter 4).If the volume of goods and services produced in the economy remains unchanged, the extra money will lead to increase in prices of all commodities.The same fiscal measures can give rise to a large or small deficit, depending on the state of the economy.