The law of demand was developed by the famous Neo-classical economist Alfred Marshall in this book ‘Principle of Economics’ in 1890 AD. According to this law other things reaming the same/ceteris paribus there is an inverse relationship between the price of a commodity and quantity demand for the commodity. It means when the price of […]
The factors or components that influence the decision of households to purchase a commodity are the determinants of demand. If we have to purchase any good then we might have influenced by several considerations like the amount that we want to spend for the good, our liking for the good, market trend, etc. This happens
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There are different types of goods that we are enjoying in our daily life. The brief description of different types of goods is below; Consumer Goods The goods that consumers use for consumption purposes are consumer goods. Food, clothes, jewelry, etc. are an example of consumer goods. In economics by consumer goods, we mean any
Meaning of Goods In general language, goods are those things that are touchable and saleable. But in economic language, along with touchable and saleable attributes they must be able to provide utility or satisfaction to fulfill human wants. So, goods are tangible objects that satisfy people’s wants. For example, goods are items that we buy,
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Introduction to Factors of Production Factors of production refer to those goods and services, which are required to produce other goods and services. In other words, those factors or inputs that are used in the production process are called factors of production. All the things that are needed in the production of goods and services
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The Doing Business Report is originally the product of Simeon Djankov and a team published in 2002. After the publication of a paper in a quarterly journal of economics it became very popular and well known because of its quantitative evidence and measurements. After that, the World Bank Group has elaborated it and published the
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Introduction of Monetary Policy and its Formulation in Nepal The article aims to present the highlights of the Monetary Policy of Nepal 2020. Monetary policy is one of the tools that a national government uses to influence its economy. Using its monetary authority to control the supply and availability of money, a government attempts to
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Those ratios are considered as liquidity ratios that measure the liquidity position and short-term solvency-indicating the company’s ability to meet its short-run obligations. It means ratios that measure the debtor’s ability to pay its short-term obligations from current or liquid assets without raising external capital is known as liquidity ratios. This ratio stresses on current
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Meaning of Financial Ratio and Financial Ratio Analysis Financial ratios are routinely expressed measures to describe the significant relationship that exists between figures shown in income statements of companies normally spoken in the form of times, proportion, and percentage. The standard ratios a manager uses to evaluate a firm’s overall financial condition are financial ratios.
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Understanding Poverty Poverty is a multidimensional, most challenging, and complex issue in the world. It is a problem of economic development of most of the developing countries like Nepal as poverty as an adverse effect on social, economic, cultural, environmental, political, physical, mental, educational, health, etc. sectors. Hence, the main objective of most of the
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