Study Materials

Introduction The model of the managerial theory of the firm presented by Oliver E. Williamson is known as Williamson's Model ...
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Introduction If the gross domestic product is measured at prevailing market price then it is known as nominal gross domestic ...
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Here in this article, we have tried to define personal income, disposable income, per capita income, and personal income. Personal ...
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After discussing several key concepts of national income at market price as well as at factor cost, in this article, ...
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Introduction Value maximization theory was developed as an alternative to the profit maximization theory due to weaknesses or limitations of ...
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Introduction to Concepts of National Income at Factor Cost Factor cost is the total cost of production. It means factor ...
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Introduction The price given by the final purchasers of the consumer as well as capital goods is known as market ...
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This article tries to briefly introduce major concepts of national income.Concepts of National Income Meaning of Concepts of National Income ...
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Meaning of National Income In this article, we explain the meaning and features of national income. You will know what ...
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The key terminologies/(basic terminologies of National Income) related to national income are briefly explained below. Domestic Territory of a Country ...
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Introduction The economy is a system in which all the economic agents are interdependently working and doing their respective economic ...
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In this article, we explain the major properties of the Cobb-Douglas production function Introduction to Cobb Douglas Production Function The ...
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Meaning of Stock Variables A stock can be defined as an amount determined at a particular point in time. On ...
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Introduction The term equilibrium in the ordinary sense is a state of balance. It indicates the case in which the ...
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Resource allocation plays a vital role in solving economic optimization problems. The productive resources like land, labor, capital, equipment, technology, ...
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Concept and Meaning of Opportunicty Cost The problem of scarcity and choice gives birth to the concept of opportunity cost ...
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Scarcity and Choice: The Emergence of Economic Problems Scarcity The wants of human beings are limitless and resources to fulfill ...
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This article explains the relationship between macroeconomics and the business environment Macroeconomics and Business Environment Macroeconomics is the study of ...
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In this article, we have explained the static and dynamic analysis of macroeconomics. Introduction to Static and Dynamic Analysis of ...
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Introduction The laws of returns to scale explain the input-output relationship under the condition that both the inputs (labor and ...
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