Today I got up around 8.45.Actually I got up much earlier but stayed back in the bed.Read First few pages of Mary Kay case that I we have to submit for strategic marketing.
One Nice topic I read today
FISCAL AND MONITORY POLICY
Fiscal Policy,a concept introduced by JM Kayenes to counter great depression is a tool used to monitor the economy.Two major tools of fiscal policy are Revenue spending and collection from the government.Three kinds of fiscal policy are expansionary,contractory and neutral.
a)Expansionary..Higher govt spending than tax collectn,may lead to budget deficit,used in times of recession.
b)Contractory..Lower govt spending than tax collectn,may lead to budget surplus,used in times of overheating of economy.
c)Neutral ..Revenue collection and spending are equal
MONITORY POLICY
A tool used by central banks to control the supply of money in the economy, by controlling interest rates.May be expansionary or contractory.
a)Expansionary.. Lower interest rates and that leads to higher supply of money in the economy.Used to boost economic growth and reduce unemployment
b)Contractory..Higher interest rates and that leads to lower supply of money in the economy.Used when economy is overheating.
A nice quote I found today
“Friendship is delicate as a glass, once broken it can be fixed but there will always be cracks”
Watched Hindi movie Deewar for some time and wasted some time browsing Facebook
Had Product management meeting .We haved divided our work.
Fiscal Policy