Questions

Domestic policy is the decisions made by a government regarding issues that occur within the country.

The Clean Air Act NATO program is an example of domestic policy.

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives on Income Recognition and Asset Classification (IRAC).

We can never eat lunch and dinner for our breakfast.

In the middle of the 6th centuryB.C, a powerful empire was established in Iran this empire which lasted over two centuries is known as the Achaemenid Empire. The founder of this Empire was Cyrus with his capital at pasargadae. In 539 B.C, cyrus defeated the Babylonians and extended his empire over a vast territory up to Asia Miner. His successor was Darius I (522-486 B.C).

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

The basic objective of monetary policy is to assist the economy in achieving a full-employment, noninflationary level of total output.

Cause-effect chain: Changes in the money supply affect interest rates, which affect investment spending and therefore aggregate demand.

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.