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Recession and Its Aftermath
Nmp . Ed(S): Verma
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Description for Recession and Its Aftermath
Hardback. A highly relevant contribution in the context of current economic travails, this volume includes an analysis of the current banking and financial crisis and features fresh contributions on the general topic of recession and its control in a range of polities. Editor(s): Verma, NMP. Num Pages: 268 pages, 40 black & white tables, biography. BIC Classification: KCB; PBUD. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 23. Weight in Grams: 618.
Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of ... Read more
Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of ... Read more
Product Details
Format
Hardback
Publication date
2012
Publisher
Springer, India, Private Ltd India
Number of pages
268
Condition
New
Number of Pages
268
Place of Publication
New Delhi, India
ISBN
9788132205319
SKU
V9788132205319
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Nmp . Ed(S): Verma
N.M.P. Verma is a senior Professor of Economics at Babasaheb Bhimrao Ambedkar University, Lucknow, India. He has a very long teaching and research career. He has specialized in the area of macro, industry, and development economics. He has authored many books and extensively contributed papers in professional peer reviewed journals of national and international repute. He is also on ... Read more
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