Study Materials
Here you find all the study materials uploaded in Enotes World.
Relationship between Concepts of National Income at Market Price and Factor Cost
After discussing several key concepts of national income at market price as well as at factor cost, in this article, ...
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Value Maximization Model
Introduction Value maximization theory was developed as an alternative to the profit maximization theory due to weaknesses or limitations of ...
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Concepts of National Income at Factor Cost
Introduction to Concepts of National Income at Factor Cost Factor cost is the total cost of production. It means factor ...
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Concepts of National Income at Market Price
Introduction The price given by the final purchasers of the consumer as well as capital goods is known as market ...
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Concepts of National Income
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 and Features of National Income
Meaning of National Income In this article, we explain the meaning and features of national income. You will know what ...
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Basic Terminologies of National Income
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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Circular Flow Model
Introduction The economy is a system in which all the economic agents are interdependently working and doing their respective economic ...
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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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