Study Materials
Here you find all the study materials uploaded in Enotes World.
Cost of Economic Growth
Every economy needs to invest its scarce resources in the production of capital goods and consumer goods. Both sorts of ...
Read More
Read More
Measurement of Economic Growth
Economic growth can be defined as the increase in the real national product or output over time. Economic growth during ...
Read More
Read More
Meaning and Definition of Demand
Meaning and Definition of Demand Demand for goods and services implies the number of goods and services that buyers are ...
Read More
Read More
Difference between Microeconomics and Macroeconomics
The subject matter of economics is broadly divided into two branches, namely microeconomics and macroeconomics. Microeconomics and macroeconomics have become ...
Read More
Read More
Types of Demand
The willingness to buy a commodity or a service for which necessary resources are available is known as demand. Both ...
Read More
Read More
The Achievements of Development Planning in SAARC Countries
Learning ObjectiveTo discuss the achievements of development planning in SAARC Countries SAARC Countries have experienced several changes and improvements because ...
Read More
Read More
Constraints or Challenges of Development Planning in SAARC Countries
Introduction South Asian countries are competitive but, in many respects, they are complementary to each other also. All the member ...
Read More
Read More
Plan Priorities in SAARC Countries
Concept and Introduction of SAARC After 1945, the trend of the establishment of various regional cooperation organizations like the European ...
Read More
Read More
Concept of Duality in Consumer Theory
Meaning of Duality The term duality is habitually used to denote a dissimilarity between two correlated concepts, such as duel ...
Read More
Read More
Income and Substitution Effects of a Price Change
In our situation of good X, good Y, and money income M; if money income and the price of good ...
Read More
Read More
Income Consumption and Engel Curve
Learning Objective To explain the derivation of income consumption and Engel curve for a normal and inferior good This issue ...
Read More
Read More
Change in Prices and Derivation of Demand Curve
Introduction In the analysis of consumer’s equilibrium, price and income are exogenous variables, and changes in the values of these ...
Read More
Read More
Comparative Statics of Consumer Behavior
Introduction The theory of consumer behavior and demand is grounded on the assumption that consumers try to allot limited money ...
Read More
Read More
Consumer’s Equilibrium with Indifference Curve Approach
Introduction A consumer attains his/her equilibrium when he/she maximizes his/her total utility, given his/her income and prices of the two ...
Read More
Read More
The Consumption Decision
Learning Objective To explain the technique and solution of the consumption decision problem Once the consumer identifies his or her ...
Read More
Read More
Preference Ordering
Background and Concept of Preference Ordering Learning Objective To explain the concept of preference ordering and axioms of preference ordering ...
Read More
Read More
Cardinal Utility Versus Ordinal Utility
Learning Objective To explain the similarities and differences between cardinal and ordinal utility analysis (cardinal utility versus ordinal utility) Ordinal ...
Read More
Read More
Application and Uses of Indifference Curve
Besides the analysis of consumer behavior and consumer demand, the technique of the indifference curve can be used in the ...
Read More
Read More
Price Effect and Derivation of Demand Curve
Learning Objective To explain the derivation of the demand curve with help of price consumption curve (Price effect and derivation ...
Read More
Read More
Decomposition of Price Effect into Substitution and Income Effects
Different factors directly affect the consumer’s equilibrium condition, including change in the price of one good, the price of other ...
Read More
Read More
