The Indian industrial sector is a diverse and complex landscape, encompassing a wide range of industries at various stages of development. To understand its intricacies, […]
Inflation – Part 2
2 AGRICULTURAL SECTOR IN INDIA The diverse geographical landscape and rich cultural heritage of India have led to a wide variety of agricultural practices across […]
Inflation
Demand-pull inflation occurs when there is too much money chasing too few goods and services. This can happen for a number of reasons, such as: […]
Interest – Meaning – Liquidity Preference Theory of Interest, Loanable funds theory of Interest
There are two main types of interest: simple interest and compound interest. Simple interest is calculated only on the original principal amount. The amount of […]
THE THEORY OF DISTRIBUTION
There are two main interpretations of “the theory of distribution”: 1. Distribution theory in economics: This theory deals with how income and wealth are distributed […]
MARKET STRUCTURES
Perfect competition: A large number of buyers and sellers, each with a small market share. Homogeneous products (no differentiation). Easy entry and exit. Perfect information […]
Expansion Path
In economics, an expansion path, also known as the long-run cost minimization path, shows the optimal combinations of two inputs a firm chooses as it […]
PRODUCTION FUNCTION
The term “production” can have different meanings depending on the context. However, in general, it refers to the process of creating goods or services. There […]
Types of Cost – Total Cost, Average Cost and Marginal Cost
Types of Costs: Fixed Costs (FC): These are costs that remain the same regardless of the level of output. Examples include rent, salaries, insurance, and […]
COST AND REVENUE ANALYSIS
Cost Analysis Cost analysis is the process of examining the different costs associated with a business or product. It can be used to identify areas […]