Economics 1 min read
Value & Forms of Money
Value of Money • It means Exchange Value. • It implies how much of goods and services can be obtained…
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General Concepts 3 min read
What is a Magnetic Tape Recorders
Before explaining about magnetic tape recorders, I will tell you what a recorder is and what the uses of the…
Economics 1 min read
MONEY Definition
• A medium of exchange. • With the help of money any exchange of goods and services can take place. • Money is…
General Concepts 2 min read
Ratio Control System
Ratio control system is a technique where in variable is manipulated to keep it as a ratio proportional to another…
General Concepts 3 min read
Sling Psychrometer
Sling Psychrometer is used to measure both the dry bulb and wet bulb temperatures at time. These temperatures are a…
Economics 1 min read
Economic Fluctuation
• The business world in capitalistic economy is said to experience ups and downs in its economic activities. • The…
Economics 2 min read
Production Possibility Curve (PPC)
In economics, a production–possibility curve (PPC), is also called a production–possibility frontier (PPF), production-possibility boundary or product transformation curve, is…
Economics 1 min read
Marginal Productivity of Capital (MPC)
• The additional physical product obtained due to the employment of one extra unit of capital (do/ dc) per unit…
Economics 2 min read
Investment Definition
Investment has dual aspect. It implies the production of new capital goods like plants and equipments. Secondly, a change in…
Economics 1 min read
Difficulties in Estimating National Income
Conceptual Difficulties: • No practicable methods exists for inclusion of some items in National Income (NI), such as — services…
