Population ageing
Population ageing is the process of increasing average age of the population due to declining fertility rates and/or rising life …
Read MoreTotal Fertility Rate (TFR)
TFR is the average number of live births a woman would have by the end of her child bearing age. …
Read MoreMiddle Income Trap
The ‘middle-income trap’ is the phenomenon specific to the growing economies when they are stagnating at middle-income levels of …
Read MoreTradability
Tradability means the ability of a commodity/service to be exported and imported in the international market. Tradability enhances the …
Read MoreGVA at factor cost includes no taxes and excludes no subsidies.
On the other hand, GVA at basic price is gross value added by adding production taxes and deducting production …
Read MoreGDP at Market Prices
GDP at Market Prices is the sum of (or sigma ∑) all GVAs. GDP at Market Prices = ∑ …
Read MoreGVA at basic price
GVA at basic price is gross value added by adding production taxes and deducting production subsidies.
Read MoreBasic price
Basic price is the amount receivable by the producer from the purchaser for a unit of a product minus …
Read MoreProduct taxes and Product subsidies
Product taxes or subsidies are paid or received on per unit of product. Some examples of product taxes are excise …
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