Definition of Agency Relationship
Agency is a relationship between principal and agent. Principal delegates some responsibility to
be performed on behalf of principal. Principal also gives agent necessary decision-making
authority. Agent can be responsibl
Define Inflation in two paragraphs
Inflation is the increase in prices of goods or services for consumption and capital investment.
Inflation results in reduced purchasing power of money.
Certain percentage of inflation is considered as indication of econ
Macro Vs Micro Economics
Macro-economics is study of effects of total activities of households, firms & government on the
national & international economy. Macro-economics include all the economic activities of
private as well as public se