A key takeaway from Becker's research is that social phenomena are the product of rational choices made in constrained circumstances
4 min read7 May 2014Becker won a Nobel Prize in economics in 1992 for applying economic methods to shed light on sociological topics
5 min read5 May 2014The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared