KMB102/KMBN102 Managerial Economics
by UNIT 1 Basic Concepts and Principles: {Book link} 1 Definition and Nature of Economics VIEW 2 Scope of Economics VIEW 3 Micro Economics …
Tag: Fiscal Policy
Imperfect Competition and International Trade
In economic theory, imperfect competition is a type of market structure showing some but not all features of competitive markets. Forms of imperfect competition include: …
Economies of Scale
Economies of scale are important because they mean that as firms increase in size, they can become more efficient. For certain industries, with significant economies …
Factor Proportions Theory or Heckscher Ohlin Theory
The Factor Proportions Theory, also known as the Heckscher-Ohlin (H-O) Model, was developed by Eli Heckscher and Bertil Ohlin in the early 20th century. It …
Law of Comparative Advantage
Comparative advantage is an economic term that refers to an economy’s ability to produce goods and services at a lower opportunity cost than that of …
Tariffs and Non-Tariffs Barriers in International Trade
Tariffs and Non-Tariffs Barriers in International Trade
Reserve bank of India (RBI), Objectives, Structure and Role
Reserve bank of India (RBI) Objectives, Structure and Role
Prices of Services
Once we have designed and developed the service product and its delivery, we would have to decide how to price the service for earning revenue …
Elasticity of Demand, Demand Estimation and Forecasting
Elasticity of Demand Demand extends or contracts respectively with a fall or rise in price. This quality of demand by virtue of which it changes …
Determinants of Demand, Demand Function
Demand Function is a mathematical representation of the relationship between the quantity of a good or service demanded and its determining factors. It helps to …
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