Author: EconomicsLive

Expected Values or Mathematical Expectations

The expected value, or mean, of a random variable is a measure of the central location for the random variable. The formula for the expected value of a discrete random variable X follows. Expected value of a discrete random variable X can be written as i.e., Properties of Mathematical Expectations 1. The expected value of constant …

Basic Competitive Models

Basic competitive models gives an answer of the control problems of an economy i.e., who makes the decision of what to produce, how to produce and for whom to produce. We know that, economics has been evolved and developed in the framework of a free market economy in which the resources of the society are owned …

Probability Definitions

The term probability has been interpreted in terms of four definitions : 1. Classical Definitions : the classical definition states that if an experiment consists of ’S’ outcomes which are mutually exclusive, exhaustive and equally likely and  of them ate the favourable outcomes of an event A then the probability of the event is In other …

Karl Marx Theory of Development

The thought about economic growth of Karl Marx is published in his famous book “Das Kapital”. According to Karl Marx there are five stages through which an economic development takes place. 1.PREMITIVE SOCIETY It is the uncivilised portion/part of the economy in the process of development. In this stage people live in  forest and survive  on …

Contact Us

As per the request of readers here is our contact details where you can ask us questions. Shoot us an Email and clarify your doubts. We may take some time to reach back to you but will definitely get back to you. Email : questions@economicslive.com Enjoy Learning and keep reading. Thank you !! Economicslive.com

Kaldor’s Growth Model

Prof. Kalder in his model “A model of economic growth” follows the Harrodian dynamism and analysed the Keynesian techniques of analysis. But his model is quite different form Harrodian and other models. As per Kaldor his model is a piece of economics which tries to show that the ultimate casual effect factor is not saving and …

DSE Previous Year Question Papers

DSE Economics Entrance Previous Year Question Papers DSE Economics Entrance Question Paper 2015 DSE Economics Entrance Question Paper 2014 DSE Economics Entrance Question Paper 2013 DSE Economics Entrance Question Paper 2012 DSE Economics Entrance Question Paper 2011 DSE Economics Entrance Question Paper 2010 DSE Economics Entrance Question Paper 2009

CDS Previous Year Question Papers

CDS Economics Entrance Previous Year Question Papers CDS Economics Entrance Question Paper 2012 CDS Economics Entrance Question Paper 2013 CDS Economics Entrance Question Paper 2014 CDS Economics Entrance Question Paper 2015 CDS Economics Entrance Question Paper 2016 CDS Economics Entrance Question Paper 2017 CDS Economics Entrance Question Paper 2018

BHU Previous Year Question Papers

BHU Economics Entrance  Previous Year Question Papers BHU Economics Entrance Question Paper 2017 BHU Economics Entrance Question Paper 2016 BHU Economics Entrance Question Paper 2015 BHU Economics Entrance Question Paper 2014

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