General Concepts
Value & Forms of Money
Value of Money • It means Exchange Value. • It implies how much of goods and services can…
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
Functions of Money
August 31, 2021 · Taylor EmmaGeneral Concepts
MONEY Definition
• A medium of exchange. • With the help of money any exchange of goods and services can take place.…
August 31, 2021 · Taylor EmmaGeneral Concepts
Economic Fluctuation
• The business world in capitalistic economy is said to experience ups and downs in its economic activities.…
August 31, 2021 · Taylor EmmaGeneral Concepts
Marginal Productivity of Capital (MPC)
• The additional physical product obtained due to the employment of one extra unit of capital (do/ dc)…
August 31, 2021 · Taylor EmmaGeneral Concepts
Investment Definition
Investment has dual aspect. It implies the production of new capital goods like plants and equipments. Secondly, a…
August 31, 2021 · Taylor EmmaGeneral Concepts
Difficulties in Estimating National Income
Conceptual Difficulties: • No practicable methods exists for inclusion of some items in National Income (NI), such as…
August 31, 2021 · Taylor EmmaGeneral Concepts
Concepts Associated with National Income
August 31, 2021 · Taylor Emma
General Concepts
Duopoly
It is a specific type of oligopoly where only two producers exist in one market. In reality, this…
August 31, 2021 · Taylor Emma
General Concepts
Oligopoly
Oligopoly is a market situation in which there are few firms producing either differential goods or closely differential…
August 31, 2021 · Taylor Emma