BBA Students B14

Stagflation
A situation where there is rising inflation and rising unemployment at the same time.

What is the difference between money, wealth and income?

These are discussed below.

The word money cannot be used to carry the same meaning as wealth and income.

Money is anything that is generally acceptable in payment of goods and services.
Anything which is declared by the state/Govn as money is money.

But wealth is the net worth of an individual, that is, the value of all his assets minus all his liabilities. It includes all his assets such as money, real estate, and personal property.
So money is include in wealth.

Wealth= Assets-liabilities

while income is the amount of money that a person received in return for his services, sale of goods, or profit from investments.

Income is the flow of money earning per unit of time a day, week month or a year.

So income has time dimention but wealth has no time period.

Wealth takes a huge amount of time to acquire while income is earned immediately.

Wealth includes cash, real estate, personal properties such as jewelry and cars while income is usually represented by a certain amount of money.

When you earn money it is income and if you save that money it become wealth and also if you use the money that you have earned and buy goods so these goods are your wealth.

Refrences:
1. www.quora.com
2.www.investopedia.com
3.money banking finance of Dr M Seed naser

Quora Quora is a place to gain and share knowledge. It's a platform to ask questions and connect with people who contribute unique insights and quality answers. This empowers people to learn from each other and to better understand the world.

Business cycle

*The business cycle is the picture of economic activity in a country.
* Business Cycle is also called trade cycle.
*Busin cycle is the upturn and downturn in the level of economic activity such as national income, employment level and price level etc.

Phases of busines cycle.
There four phases of BC.

1. Peak
peak which is also called boom is the top of business cycle.
In peak phase all economics activities are in high level, there is a rise in production, prices, employment, wages, interest rate, profit, and in tha volume of bank credit.

2. Recession
Recession is the slow down of business activity.
In recession all the business activity which i have mentioned in the peak stage are decreasinig day by day and economy is going to the depression stage.

3. Depression
The phase depression which is also called trough is the most fearfull stage of economy.
This phase is characterized by low economic activity, rapid decline in national income, gross domestic product, profit of the entrepreneurs.
There is low demand of the people due to low income in there pocket because of no employment in the country.
Most of the firm reduce there output or close down there business.

4. Recovery

The recovery phase is also called revival.
The economic condition which we have described in the depression phase do not remain as such for ever.
After sometime the economy come out from depression and start recovery.
In this phase there a rising in production, national income, employment, demand of the people so after sometime economy reach to the boom phase.

Refrences:
1. Money banking finance of Professor M. Saeed Naser.
2. www.google.com

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