Defects or Wastes of Monopolistic Competition The many defects of monopolistic or imperfect competition are referred to as wastes of competition. Five kinds of wastes or defects are
Methods of Economic Analysis Like any other science, Economics adopts two important methods in its investigations and formulation of laws and principles. The two methods are Deductive Methods
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
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
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
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
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
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
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
Definition and Meaning of Inflation Everyone is familiar with the term InflationĀ as rising prices. This means the same thing as fall in the value of money. Inflation