In this podcast I am explaining about domestic income and national income the difference and how to convert domestic income into national income and national income and domestic income by using net factor income from abroad. Basically NFIA refers to factor income received from abroad minus factoring compared to abroad. To convert national income into domestic income and FIR will be subtracted from national income. And while we are calculating national income through domestic income that time we add net factor income from abroad in domestic income. Basically domestic income focuses on the territory where goods are income is produced on the contrary when we are talking about national income the focus is on who is producing instead of where.

In this podcast I am explaining about two basic concepts national income one is about stock and flow in second balance transfer income and factor income. stock is a variable which is measured at a point of time flow is a variable which is measured in a duration. Factor income is the income which is earned by randering factor services and production process or by producing services and transfer income is the income which is not earned by producing any good or service

This podcast I am explaining about classification of goods. Goods are classified on to basis number 1 consumer and producer goods and number 2 final and intermediate goods. Detailed explanation of classification of goods you can find in this podcast.

In this episode I am explaining about some basic concepts of national income. These are normal resident and domestic. Normal resident is a person who normally resides in a country and perform different economic activities like consumption saving investment etc. domestic territory refers to an area or territory which is governed and administrated by domestic government and in this area flow of goods factors and capital is free. I hope listening this podcast you will be able to know these concepts.

In This podcast I am going to explain about circular flow of income model for a two sector economy or closed economy. household sector and business sector are the two basic sectors of economy we are taking both of them here with the assumption that both sectors are not saying anything. Household sector is the owner of all the factors of production like land, labour, capital, entrepreneur. Housefull sector provides these factors of production to business sector and business sector produces goods and services by utilising these factors of production. This is real flow. And return business sector pays to factors for their services and housefull sector pays to business sector for goods and services. This is nominal flow. the nominal flow and real flow are the parts of circular flow of income. In this podcast you will also find the the application or importance of circular flow of income model. Most important 1S provides the three methods of measurement of National Income production method, income method and expenditure method.

In this podecast I am explaining why and how government or Central banks interfere in foreign exchange rate determination. The most common way of interference is fix in the minimum and maximum limits of foreign exchange. These limits exchange rate screen it can flow it can fluctuate really but if exchange rate try to crossthe maximum and minimum limits then interference by the central bank of monetary authority is started. What is central bank uses its foreign exchange reserve fund. By using this fun RBI or Central Bank to control fluctuations in exchange rate. text to process the maximum that time RBI as card seeding foreign exchange in foreign exchange market due to that the continuous rise in price of foreign currency and similarly when exchange rate 29 spirit uses it means supply of foreign currency is more than demand of foreign currency in foreign exchange market RBI starts purchasing excess foreign currency from the market. Android tools Central Bank RBI try to control the use fluctuations and foreign exchange rate.

In this episode I am explaining about flexible exchange rate system. How flexible exchange rate is determined on the basis of demand for foreign exchange and supply of foreign exchange. And if demand or supply or both changes then how it will affect the exchange rate. According to the explanation you can prepare the diagram and according to that you can find the conclusions that are explained in this podcast.

In this podcast I have explained the meaning of foreign exchange and fixed exchange rate system. In this audio you can also find meaning of depreciation and appreciation of currency.you can find how fixed exchange rate was determined.