Difference Between Perfect Competition and Monopolistic Competition
Posted inDifference Between Economics

Difference Between Perfect Competition and Monopolistic Competition

Perfect Competition may be defined as many small firms manufactures and supplies the same goods (or perfect substitute) to the end-user while Monopolistic Competition is type of market where there are a handful of sellers offer a particular product leading to minimal competition, however, variants and quality of products offered by each seller are slightly different.
Difference Between Development Banks and Commercial Banks
Posted inDifference Between

Difference Between Development Bank and Commercial Bank

Development bank may be defined as a financial institution set up purposely to offer long term loans meant for development projects while commercial bank may be defined as a financial institution which carries out retail banking services, set up for keeping and lending money to people, owned by organisations, individual or governments, for the purpose of making profits.
Central Bank: Definition, Features, Functions & Examples
Posted inEconomics Finance

Central Bank: Definition, Features, Functions & Examples

A Central Bank is a National Government owned apex financial institution which controls and supervises the entire monetary system of a country. It assists, directs and regulates the activities of other financial institutions to make them comply with government monetary and economic policies.