Oligopolistic Behavior
by The word Oligopoly is derived from two Greek words – ‘Oligi’ meaning ‘few’ and ‘Polein’ meaning ‘to sell’. An Oligopoly market situation is also called …
Category: Management Notes
Management Notes of Various Universities across india
Characteristics of Various Factors of Production
The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors …
Marginal Productivity theory
In the words of J.B. Clark, “Under static conditions, every factor including entrepreneur would get a remuneration equal to marginal product.” As per Mark Blaug, …
Modern Theory of Distribution
The Modern theory of factor pricing provides a satisfactory explanation of the problem of distribution. It is known as the demand and supply theory of …
Determination of Rent
According to modern economists, rent is considered as the payment made against the use of land by a tenant. They explained the concept of rent …
Quasi Rent
The concept of quasi-rent was given by Alfred Marshall. He defined quasi rent as surplus earnings generated by the factors of production, except land. The …
Audit and Meaning, Nature, Objectives
Audit is the systematic examination of financial records, processes, and systems to ensure accuracy, transparency, and adherence to regulations. Its purpose is to provide stakeholders …
Types of Audit
Classification of Auditing: Continuous or detailed. Periodical or final audits. 1. Continuous Audit: This is useful in case of big companies with larger business which …
Audit Programme, Objectives, Components, Benefits, Disadvantages
Audit Programme, Objectives, Components, Benefits, Disadvantages
Audit Notebooks
Audit note book is maintained by the audit assistant ti note down to all those unclear matter which he may come across in the course …
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