Study Materials
Here you find all the study materials uploaded in Enotes World.
Major Properties of the Cobb-Douglas Production Function
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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Concept of Stock and Flow Variables
Meaning of Stock Variables A stock can be defined as an amount determined at a particular point in time. On ...
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Concept of Equilibrium and Disequilibrium
Introduction The term equilibrium in the ordinary sense is a state of balance. It indicates the case in which the ...
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Allocation of Resources
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 of Opportunity Cost
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
Scarcity and Choice: The Emergence of Economic Problems Scarcity The wants of human beings are limitless and resources to fulfill ...
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Macroeconomics and Business Environment
This article explains the relationship between macroeconomics and the business environment Macroeconomics and Business Environment Macroeconomics is the study of ...
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Static and Dynamic Analysis of Macroeconomics
In this article, we have explained the static and dynamic analysis of macroeconomics. Introduction to Static and Dynamic Analysis of ...
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The Laws of Returns to Scale
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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Law of Variable Proportion
Introduction The law of variable proportion is a widely observed law of production that takes place in the short run ...
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Factors Affecting Price Elasticity of Demand
In this article, we have explained different factors affecting the price elasticity of demand The value of price elasticity of ...
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The Law of Substitution
Introduction German economist H.H. Gossen developed his second law as the law of substitution or the law of equi-marginal utility/the ...
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Law of Diminishing Marginal Utility
In this article, we tried to explain the law of diminishing marginal utility Introduction The Law of Diminishing Marginal Utility ...
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Total Utility, Marginal Utility, and their Relationship
Concept of Cardinal Utility: Total Utility and Marginal Utility In this article 'total Utility, marginal Utility, and their relationship', we ...
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Meaning and Types of the Production Function
Meaning of the Production Function The technical process that links inputs to the output of a good is known as ...
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Production, Total Product(TP), Average Product(AP), and Marginal Product(MP)
Meaning of Production In economics, production means the creation of utility for sale. The act of creating utility is done ...
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Capital Formation Process
Meaning of Capital Formation All the man-made factors used in further production are known as capital. Capital formation, therefore, refers ...
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Characteristics of Developing Countries
The countries in which the process of development has started but not completed and having a developing phase of different ...
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Differences between Closed Economy and Open Economy
An economy that does not involve in overseas trade is known as the closed economy and an economy having participation ...
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Introduction to Open Economy
Meaning/Introduction to Open Economy The economy in which there is the provision of international trade or foreign trade is known ...
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