Definition of monetary policy: Economic strategy chosen by a government in deciding expansion or contraction in the country’s money-supply. Applied usually through the central bank, a monetary policy employs three major tools.

Definition of Demand. In economics, demand represents the customer’s desires and preferences for a particular product, for which he is ready to pay. The quantity (how much) of the product is demanded at a certain price, i.e. the equilibrium between quantity demanded and price, is demand for a …

Definition of Economics:-Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.