Branches of Physics with Definition   There are many branches of physics:   Electronics:   It is the branch of Physics which deals with development of electrons, emitting the devices and utilization and controlling of electrons flow in electrical circuit designed for various purposes.   Kinematics:   It is the branch of Physics which deals…

Nationalization in Economics   Introduction   The government headed by Z.A. Bhutto privatized all industrial units and banks. The consumer goods industries, steel industries, cement industries automobile industries and all banks ere taken over by the government. Banks are also nationalized with the effect form July 1, 1974 under Nationalization of bank act 1974.  …

What is Physics   Physics is a branch of science centered on the study of matter, energy, the connection between them.   What if the child does not want to read? Love of reading cannot be instilled by force. The best way to integrate into the world of reading is to grow up in a…

Deflation and its Causes   Introduction:   It refers a situation in which quantity of money becoming fall as per demand, and value of money rises due to shortage of money, also fall in price of goods. Wh n d flation occurs then people don’t have money to buy goods and services. There is over…

Trade Cycle & its Different Phases   Introduction:   History tells us about the ups and down in Business cycle. In which some time good trade of the business that shows the Profit period of it, and some time bad trade of the business that shows the loss period of it. Such good or bad…

Inflation and its Kinds   Introduction   It represents the rise in general price level. Basically when the state bank of the country issue the over demanded notes then it decrease the value of money. Meanwhile raises the general price level in the market.   Some authors define the inflation as follows By   J.M.Keynes…

Money and its Function   Definition of Money According to R.P Kent   “Money is anything which is commonly used and generally accepted as a medium of exchange or as a standard of value”   According to D.C Colander   “Money is a fanatical asset that makes the real economy function smoothly by serving as…

Critically fisher’s Quantity Theory of Money   Introduction   The quantity theory of money was first introduced by Davan Zat in the 16th century. After it David Hume and J.S Mill had worked on this Theory in 17th and 18th centuries. But the Theory is most famous in 19th centuries by Irving Fisher, American economist…

Money and its Functions   Definitions   By R.P Kent   “Money is anything which is commonly used and generally accepted as a medium of exchange or as a standard of value”   By Marshall   “All those things which are, at any time and place, generally current without doubt or special enquiry as a…

Paper Money in Economics   Introduction:   Paper money means the currency notes issued by central bank of country. In the present age paper money has got a significant place in place of metallic money. Paper money is convenient to carry and easy to handle and store. It is the most advance form of money.…