Economics

Dollar vs Rupee

Dollar vs Rupee
Dollar is a currency that is used in many western countries and is represented by the ‘$’ sign. Dollar is the common currency of countries such as Australia, Belize, Canada, Hong Kong, Namibia, New Zealand,...

Microeconomics vs Macroeconomics

Microeconomics vs Macroeconomics
Microeconomics is a branch of economics that focuses on studying the habits and finances of individual households. Macroeconomics is the branch of economics that deals with economy as a whole, rather than...

Developed vs Developing Countries

Developed vs Developing Countries
A country is deemed to be developing or developed mainly on the basis of economics, per capita income, industrialization, literacy rate, living standards etc. A developed country has a highly developed...

Recession vs Depression

Recession vs Depression
The economy enters into a recession when there is a general slowdown in economic activity. This entails that there is a widespread drop in consumer spending. Some economists claim that an economy enters into a...

GDP vs National Income

GDP vs National Income
GDP is used to calculate all the products or services that are produced within a country’s boundaries and is a small part of the National income. On the other hand, national income is the sum of all the income...

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