3 Important factors determining National Income
3 Important factors determining National Income There are a number of influences which determine the size of the national income in a country. It is on account of these …
Tag: Business Economics
Features of a Perfect Competition in Economics
Features of Perfect Competition in Economics In Economics, the following are the most important features of a Perfect Competition. Large number of buyers and Sellers. Homogeneous Product. Free entry …
Importance and Significance of Studying Economics
Study of Economics – Importance and Significance No subject of the present day is so important as economics. Economics governs the life of the individual, Society and the modern …
What are the Characteristics of Business Cycle?
Characteristics of Business Cycle The business cycle occurs periodically in a wave-like fashion with varying magnitude affecting not only the entire economy of the country but also making its …
Full Cost Pricing in export | Objectives | Advantages | Disadvantages
Full cost pricing method in export In a full cost pricing method, the export price should be able to recover all costs, both fixed and variable costs. In addition …
Need for e-business (Electronic Business) | Factors stressing the need
Need for E-Business The rapid changes in telecommunication and computing technologies evidenced in the internet and World Wide Web paved way for new range of business applications, process and …
Top 10 Factors affecting Cost Control in India
In the production scene of India, Cost control is a far fetched dream due to variety of reasons. Indian economy is one of scarcity, rising prices, shortages, labour unrest …
Inflation | Definition and Meaning | Characteristics
Definition and Meaning of Inflation Everyone is familiar with the term Inflation as rising prices. This means the same thing as fall in the value of money. Inflation is …
How do taxation influence productivity of a Nation?
Taxation can influence the production of a nation by influencing four basic factors. They are as follows: Ability to work, save and invest. Willingness to work, save and invest. …
Economic Plan | Meaning | Features | Need | Types
What is an Economic Plan? An economic plan is an outline of schemes designed to achieve certain pre-determined economic objectives, in a particular order of priorities within a specified …