Define Economic

May 20th, 2015
Studypool Tutor
Acadia University
Price: $20 USD

Tutor description

Economics is thus a social science, which studies human behaviour in relation to optimizing allocation of available resources to achieve the given goals. ECONOMICS: Economics is a social science . Its basic function is to study how people – individual house holds, firms and nations maximizing their gains from their limited resources and opportunities.

Word Count: 350
Showing Page: 1/17
MicrofinanceMicrofinanceABC Workshop18th Sep 2009Why Microfinance Exist?AccessibilityCost of transactionDealing with bottom of pyramidCredit worthiness of borrowersFailure of formal financial institutionto reach and cater this segmentRBI mandates Lending to Priority Sector (40% of AdjustedNet Bank Credit) 18% to agricultural sector Indirect lending not more than 4.5% 10% to weaker section Banks falling short of target shall allocateamount to RIDF at lower int. rate.(<2%:@BR;2 5%: BR-1%, 5-9%: BR 2%, >9%: BR 3%)Do people need MFI???Presence of Money lendersIs credit only the need?How a MFI functions?Catering poorest of the poor, poor,not poor not well off, BPL, APLFive fatal assumption aboutmicro-credit1. Assumption that the poorest all wish to be self-employed2. Assumption that credit is the main financial serviceneeded by the poor3. Assumption that credit can automatically translate intosuccessful micro-enterprises4. Assumption that those slightly above the poverty line donot need microcredit, and giving it to them amounts tomis-targeting5. Assumption that microcredit institutions can all becomefinancially self-sustainingNSSO data 27% of household have access to formalfinancial services 22% of household dont have access toformal financial institution but are cateredby informal sector (money lenders) Rest 51% dont have any access of financial

Review from student

Studypool Student
" Awesome! Exactly what I wanted. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Other Documents


Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors