CONCEPT OF UTILITY Dear friends let us first discuss the concept or meaning of utility. Utility may be defined as the want satisfying power of
Today we will discuss the concept of opportunity cost with the help of examples. The concept of opportunity cost was developed by Austrian school of
Last time we have discussed the types of economics. Today we will discuss the difference between positive economics and normative economics. Let us discuss it:
The term economics is very common and Economics can be broadly classified into two parts: MICRO ECONOMICS: in microeconomics we study “I” which means individual.
Economics is the study of human activities which they perform with their limited resources to satisfy their unlimited wants.
Dear friends, let us discuss today about the various five year plans, the year of implementation and objectives of these plans. The thirteenth plan is
Today we will discuss the law of diminishing marginal utility commonly known as law of DMU. It is known as Gossen’s first law also. It
Dear readers, if you are management student or follower of business news, you must have heard the terms top line growth and bottom line
Quatitatitive measures of credit control are also called general measures of credit control. These measures refer to the methods which are used to direct the
Qualitatitive measures of credit control are also called selective measures of credit control. These measures refers to the measures which are directed towards the particular
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