
Regional Economic Cooperation
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Comprehensive Study Material for CrackTarget.com Welcome to this detailed study guide on key regional economic cooperation organizations and initiatives. This material is tailored for competitive exams like UPSC, SSC, and others, focusing on definitions, objectives, members, India’s role, achievements, challenges,…

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Inflation Introduction to Inflation Inflation refers to a sustained increase in the general price level of goods and services in an economy over time, which erodes the purchasing power of money. It is typically measured as an annual percentage increase…

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Welcome to CrackTarget.com’s ultimate guide on Monetary Policy. This study material is designed for competitive exams like UPSC, RBI Grade B, Banking exams (IBPS, SBI), SSC, and others where economics plays a key role. We’ve structured it with clear sections,…

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Detailed Study Notes: Indian Economy – Historical Evolution to Present (UPSC EPFO Focus) (Updated till November 2025; Data from IMF, NITI Aayog, World Bank, CMIE, MoSPI) 1. Overview of India’s Economic History Historical Evolution and Key Phases India’s economic journey…

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1. Types of Poverty Conceptual Framework Poverty refers to the inability to meet basic needs — food, shelter, clothing, healthcare, and education — due to insufficient resources. It is multidimensional, encompassing social exclusion, lack of opportunities, and deprivation of dignity.…

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Measurement of Growth in Economics Measurement of growth refers to the ways economists quantify the expansion of an economy’s productive capacity and output over time. Key concepts include the circular flow of income, Gross Domestic Product (GDP), macroeconomic identities, distinctions…
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1. Concept of Elasticity of Demand Overview Elasticity of demand is a measure of how sensitive the quantity demanded of a good or service is to a change in one of its determinants, such as price, income, or the price…

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1. Microeconomics vs. Macroeconomics Overview Economics is broadly divided into two main branches: microeconomics and macroeconomics. These branches help us analyze economic phenomena at different scales. Demand and supply are core concepts primarily studied in microeconomics, but they have implications…

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UPSC EPFO ECONOMICS Exclusive concepts Introduction to Demand and Supply: Micro vs. Macroeconomics, Basics of demand/supply, Equilibrium Elasticity of Demand: Concept, Factors, Shifts, Price/Cross/Income elasticity. Measurement of Growth: Circular flow of income, GDP, Macroeconomic identities, Growth/Welfare/Development, Market structures. Poverty Alleviation…

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🧾 ACCOUNTING & COST ACCOUNTING CONCEPTS 1. Break-even Point (BEP) 2. Depreciation 3. Double Entry System 4. Ledger & Cash Book 5. Final Accounts Include: 6. Accounting Concepts & Principles 7. Reserves & Suspense Account 8. Valuation & Standards 💰…
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