General Concepts
Price Ceiling and Price Flooring
Price ceilings and price flooring are basically price controls. Price Ceilings Price ceilings are set by the regulatory…
August 31, 2021 · Taylor EmmaAuthor: Taylor Emma
A senior editor for The Mars that left the company to join the team of SenseCentral as a news editor and content creator. An artist by nature who enjoys video games, guitars, action figures, cooking, painting, drawing and good music.
General Concepts
Cross Elasticity of Demand
An economic concept that measures the responsiveness in the quantity demanded of one commodity when a change in…
August 31, 2021 · Taylor EmmaGeneral Concepts
Factors Affecting Price Elasticity of Demand
The key factors which determine the price elasticity of demand are discussed below − Substitutability Number of substitutes…
August 31, 2021 · Taylor EmmaGeneral Concepts
Demand & Elasticities
The ‘Law Of Demand’ states that, all other factors being equal, as the price of a good or…
August 31, 2021 · Taylor Emma
General Concepts
Market System & Equilibrium
In economics, a market refers to the collective activity of buyers and sellers for a particular product or…
August 31, 2021 · Taylor Emma
General Concepts
Regression Techniques
Regression is a statistical technique that helps in qualifying the relationship between the interrelated economic variables. The first…
August 31, 2021 · Taylor EmmaGeneral Concepts
Economic Analysis & Optimizations
Economic analysis is the most crucial phase in managerial economics. A manager has to collect and study the…
August 31, 2021 · Taylor EmmaGeneral Concepts
Business Firms & Decisions
Business firms are a combination of manpower, financial, and physical resources which help in making managerial decisions. Societies…
August 31, 2021 · Taylor EmmaGeneral Concepts
Economics Overview
A close interrelationship between management and economics had led to the development of managerial economics. Economic analysis is…
August 31, 2021 · Taylor EmmaGeneral Concepts
Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on 1st February, 1964.…
August 31, 2021 · Taylor Emma