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BRIC Manufacturing PMIs turned south in 3Q 2018 in line with Global trend, but leading that trend to the downside.…
We often see Government debt expressed in reference to GDP or in per capita terms. However, carry capacity of sovereign…
“Supply shortages, induced mainly by central bank quantitative easing have been a major factor driving asset markets, in our opinion. …
The budget line is an important component when analysing consumer behaviour. The budget line illustrates all the possible combinations…
The aim of indifference curve analysis is to analyse how a consumer chooses between two goods to get maximum satisfaction.…
Utility refers to the amount of satisfaction a person gets from consumption of a certain item.and marginal utility refers…
A consumer is someone who makes demands in the market. If there is no consumer then there would be…
Elastic means flexible demand and Inelastic means Fixed demand. · Availability of substitutes · Postponement of consumption · Proportion of expenditure (needles: inelastic;…
Till now we only discussed the direction of the changes in price and quantities demanded. But here we will answer…
Central problems arise in an economy due to scarcity of resources having alternative uses in relation to unlimited wants. The…
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