Economics plays a crucial role in our daily life. Each decision like make purchase of something represents the economic implications. Importance of economics in daily life can be analyzed by seeing its implications among its different branches. The important branches of economics are Micro, Macro, Managerial, Monetary and International economics etc. Importance of … [Read more...] about Importance of Economics in Daily Life
Economy
Advantages and Disadvantages of Paper Money [ Updated with Types ]
Paper Money defined as currency note used as medium of exchange and issued by State Government. People consider currency notes is a kind of money which performs all the function as good medium of exchange. Paper currency is convertible in the sense that it may convert in to gold and precious metals while it may inconvertible because it is not exchangeable in to coins. Now a … [Read more...] about Advantages and Disadvantages of Paper Money [ Updated with Types ]
Causes of Business Cycle – The Crucial Indicators Affecting Business
Nature is diversified, so the humans too. Humans tried to be economically prosperous by using different art and tricks of business. In ancient times they use to adopt hunting, fishing and by farming and crops to survive economically. They often use barter system in this regard. When there are prosperous times in economy & business so does depression/recession exit also, … [Read more...] about Causes of Business Cycle – The Crucial Indicators Affecting Business
Pakistan’s Election System – Types of Election in Pakistan
Election mean choosing or selection of candidates for an office by vote. Its play pivotal role in democracy. It is fair and legal way to gain power in country. It is not something novel, it has been in vogue for centuries. We have it is traces Ancient Greece. The Roman Empire and more defiantly in the caliphate period. Types of Election in Pakistan Election is mainly of two … [Read more...] about Pakistan’s Election System – Types of Election in Pakistan
Importance of Zakat in Islam – 10 Major Reasons
The only reason behind importance of Zakat is that it is an important pillar of Islam. Different scholars may have different definitions of Zakat but in simple words, "Zakat is Purification of money". Zakat is due after 1 year of keeping asset. These assets include everything excess from your needs. Zakat is totally different from Tax as tax is imposed by National Govt but … [Read more...] about Importance of Zakat in Islam – 10 Major Reasons
Types of Soil in Pakistan – Soil Classification & Characteristics
The physiography of Pakistan is very unique and has a diverse landscape all over the country, with a very distinctly climate in the whole country. Due to these reasons, the physiography of Pakistan is divided according to soil classification. The type of soil formed is a function of topography, climate, vegetation, and the parent rock from which the soil material is … [Read more...] about Types of Soil in Pakistan – Soil Classification & Characteristics
Sugarcane in Pakistan – Physical and Economic Factors
Sugarcane is a Kharif. Sugarcane is an important cash crop of Pakistan. It is a type of long grass “perennial” in nature. The first crop is called “plant cane” and the succeeding crops are called “Ratoon Crops”. Although it is a plant of tropical regions. It can also be cultivated in sub-tropical areas. In Pakistan, Sugarcane is cultivated in the spring season in the month of … [Read more...] about Sugarcane in Pakistan – Physical and Economic Factors
Importance of Agriculture in Pakistan – Contribution to Economy
The agricultural sector of Pakistan has made a significant contribution to its GDP. When the GDP of the country grows, economic development takes place. In the beginning, the agricultural sector had the highest share in the GDP but then the service sector became the chief provider with the passage of time. Livestock accounts for 9% of the total GDP and 4% of the agricultural … [Read more...] about Importance of Agriculture in Pakistan – Contribution to Economy