ECONOMY

Subvention is a financial assistance provided by the government or other organization to an individual or company, typically in the form of a payment or tax reduction. It is a policy designed to encourage particular behavior or industry growth. Subvention meaning: Subvention: Financial assistance provided by a government or organization to individuals or businesses. Subvention: […]

Social Economics Social economics is a branch of economics that examines the relationship between economic behavior and social outcomes. It seeks to understand how economic factors influence social processes and how social factors shape economic outcomes. Key Concepts: 1. Social Choice: The study of collective decision-making processes, such as voting, taxation, and regulation. 2. Labor […]

Definition: Broad money is a measure of the money supply that includes all forms of money that are in circulation, regardless of their legal tender status. It includes: Currency: Legal tender issued by a central bank. Deposits: Money stored in banks and other financial institutions. Money market funds: Instruments that are traded in the money […]

The Silk Route The Silk Route, also known as the Silk Road, was a network of trade routes that connected China to the Mediterranean world from the 2nd millennium BC to the 15th century AD. It played a pivotal role in facilitating trade, cultural exchange, and the spread of ideas between the East and West. […]

Regression is a type of supervised learning algorithm that models the relationship between input variables (features) and their corresponding outputs. It is a linear modeling technique that estimates the values of a continuous variable based on the values of other variables. Types of Regression: Ordinary Least Squares (OLS): The most common type of regression, where […]