Economic Swat

Commercial bank :- A Commercial bank is a type of financial institution that provides services such as accepting deposit, withdrawal of money, provide loans, etc. for the general public. These banks do business only for profit purpose. Functions of Commercial Bank :- The functions of commercial bank are classified into two types 1- Primary Function :- The Primary functions are - • Accept Deposit • Provides Loan and Advance • Credit Cash 2- Secondary Function :- The Secondary functions are - • Discounting bill of exchange • Purchasing and Selling of Securities • Overdraft facility • Locker facilities • Paying and Gather the Credit. Types of Commercial Bank :- There are three different types of commercial bank they are - 1- Private Bank 2- Public Bank 3- Foreign Bank 1- Private Bank :- In this type of bank private individuals and businesses own majority of share capital. All private banks are recorded as companies with limited liability. E.g.- State Bank of India (SBI), Bank of Baroda, e...

Economic Inequality :- The unequal distribution of opportunity and income in between different groups of people. The Economic Inequality is mostly measured for the distribution of income and wealth. Types of Economic Inequality :- (1)- Income Inequality (2)- Wealth Inequality (3)- Pay Inequality  (1)- Income Inequality :- Income inequality means the unequal distribution of income or money in a group of people. (2)- Wealth Inequality :- Wealth inequality means the unequal distribution of assets in a group of people. (3)- Pay Inequality :-  Pay inequality means the difference between people's pay in a company.