NDP

NDP

Net Domestic Product

"When we substract depriciation from the GDP is become NDP....."

Now question arises what's this depriciation is???....

Every service have some loss value... like degredation of tyres of veichle due to friction, problems in parts of machine.. etc...
This are the depriciation also called मुल्य हाॅस in hindi...

When it substracted called NDP....

GNP, NNP

GNP
(Gross National Product)

As we know the GDP is total income of country in a year... under the boundary of country...

But in GNP here's some different condition that is what??

It not only includes the companies in the country but also includes the indian countries works outside... it is national level of income...

But it does not include foriegn countries in india...

Ex. for..

Let us suppose x is indian company in india, m is foriegn company on india, and y is indian company outside the india...

The GNP will be

GNP= x+y-m

It means it neglect the foriegn country in india....

Similarly for NNP

(Net national Product)

When we substract the depriciation from the GNP is called NNP....

Here depriciation is same losses as in GDP but it includes also outside companies of india...

It also dont include foriegn countries values....

NDP

Net Domestic Product

"When we substract depriciation from the GDP is become NDP....."

Now question arises what's this depriciation is???....

Every service have some loss value... like degredation of tyres of veichle due to friction, problems in parts of machine.. etc...
This are the depriciation also called मुल्य हाॅस in hindi...

When it substracted called NDP....

GDP

GDP (Gross Domestic Product)
(सकल घरेलु उत्पाद)

एक साल मे भारत की सीमा मे जितना उत्पादन होता है। उससे जो धन मिलता है। उसे GDP कहते है।

"In every single year in between the border of country the value of production what country get is called its GDP.... "

Let us suppose india has its own company "x"... and a foriegn company "y" these both country will be included in india's GDP... it does not depends on whether it is indian or foriegn company... it depends on whether it is in the boundary of india or not..

To calculate GDP we have an organisation CSO (Central Statical Organisation),

CSO is an organisation which calculate GDP by calculating tax paid by peoples... they calculate total salary by how much they pay tax... because every tax value has different income value.... 

Repo rate

We all know RBI is central bank.... when other banks land money from this bank....

Repo rate is the rate decided by RBI Reserve Bank of India the central bank to provide another banks money in some value....

In the event of short fall of funds... RBI lends money to the banks. Atleaste once in between every three month RBI increase or decrease their interest rate... every bank need prodigous amount of money. Bank pay the interest to RBI set by RBI Is called repo rate.....

Banking monetary policy

Before when money was not invented.... what people do??????

They use parter system....

In this system .. people exchange goods for thier needs.. ex. for... they exchange rice with another person who have tomato... if they need.. but at that time needs were limited... 

as we grown from anthropoidape to normal human being... our needs become diffrent we start using technology etc... so we can't use parter system... as there was a complexity in this system... they need such person who is ready to exchange good what they need with the things what they have... this become a complexity...

And as we know... need is the father of inventions..... hence.. what we called today "money" was invented, to replace complexity of parter system...

Money become a symbolic value to exchange goods and services with.. to live life....

As money came now we dont need to search people with the interest in our things....

evolution of money

At First in harrappan culture money was made up of mud (the clod) after that we used metal ... like gold, silver, bronze , steel etc.... Now a days we have money made up of paper with different symbolic values... 

Who issue this money??

In india RBI work for money supply...  RBI decides how much amount of currency required in economy, if it is more than or less than the requirements, RBI uses some steps to overcome the problem ....

To make cash in equilibrium .... some rates are decided by RBI...

CRR, SLR etc.... 

2 objectives of RBI 's monetary policy...

1. price stability

2. growth...

There should be balance betweeen price and growth..

Price stability has two cases...

1. increase of cash in market

2. deficiency of cash in market..

This two should be balanced and it ia a responsibility of RBI...

Economy

What is economy...

It is a network of consumption, distribution, production, or trade of goods and services.....

The economy works like dynamic machine.... it is not easy to understand economy this led to lot of economical suffering.....

It is necessary to understand our economy... though the economy might seems complicated actually it works in a simple mechanical way.... it is made up of few simple parts and a lot of simple transactions..

That repeat over anf over again ... in a small time...This all is about human nature.. and these create three main forces....

1. Production Growth
2. Short term debt cycle..
3. Long term debt cycle...

These three forces creates a good template for tracking economical movements ..  these three together help to figure out whats happening now..

The whole economy depand on transaction.... tje small transaction among people creates a network... there may be transaction between peoples, banks etc

Transaction is always between two peoples and two parties...

It always have two parts..

1. Buyer 

2. Seller

One person could exchange money in place of...  goods, services, and stocks...

" The exchnage of money and goods between people of thier saving money and landing money from bank according to their need creates a economy..."