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 […]
Economic Issues & Policies in English
Sangameshwar College, Solapur Autonomous Department of Economics Sub: (OE) Economic Issues & Policies Teacher Name: Dr. Rajguru P.P. Demand-pull inflation occurs when there is […]
International Trade
4.1] Meaning of internal and international trade Internal trade is the buying and selling of goods and services within the geographical boundaries of a country. […]
Break Even Analysis
4.1] Meaning and Concept of Break The meaning and concept of a break, or even point, in a negotiation is the point at which both […]
Output and Employment
4.1] Say’s Law Of Market Say’s law of market, or the law of markets, is a principle in economics that states that the production of […]
Steps for starting a startup
1] Steps for starting a startup: 1. Assess your entrepreneurial skills :-Do you have the skills, knowledge, and drive to start and run a business? […]
Market Structure
3.1] Introduction and Classification of Market Introduction to markets A market is a place where buyers and sellers meet to exchange goods and services. Markets […]