Write an outline and critical assessment for financial article 3 Essay

Write an outline and critical assessment for financial article 3 - Essay ExampleGeneral theory is basically about the factors which determine level of employment. His theory integ respectd the concepts revolution of economy and public policy. It insisted on making probable changes in the structure of payment, investment and advantage to bring a long term difference in the economy, especially, the budget policy to prevent repetition of depression and to stabilise national economy.Keynes was accustomed of outside(a) environment of economy. Therefore, he proposed general theory by assuming a closed economy. His theory was easily adaptable and realistic in approach. The theory offered tractableness to the diverse economic cases of foreign trade and in case of transactions of capital.3. In liquidity preferences, the minor probable savers need to be satisfied with the rate of interest to increase the aspiration of saving in a narrow z nonpareil. Thus, it in turn shifts the profit in al l status of people when one wants liquidity the ample hoarders provide a mean of increase in satisfied liquidity.Wealth is the reason for remoter preoccupation. Thus, it is acquired to produce potential results in an indefinite time. Therefore, it is an unfit subject for classical economical method. It would have worked, if the conventional structure of economy had a rapid system of consumption in the shortest possible time subsequently the production. Modification in the economical plan is must, if growth of wealth for an indefinite delayed period is a vital factor for sustenance. However, Keynes has emphasized that the modification becomes requisite when the quantity of participation of wealth accumulation increases (Keynes, 1937).Keynes also proposed that high incomes tend to generate savings in ample amount. If one attains full employment accusing consequently, level of savings will be on a satisfactory level then. Thus, aggregated demand enables substantial