Economics 2 min read
Applications of Opportunity Cost
The concept of opportunity cost has been widely used by modern economists in various fields. The main applications of the…
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Economics 2 min read
Opportunity Cost
• The concept of opportunity cost occupies a very important place in modern economic analysis. • Factors of production are…
Economics 2 min read
Determinants of Elasticity of Supply
Nature of the commodity: The supply of durable goods can be increased or decreased effectively in response to change in…
Economics 3 min read
Factor Determining Supply or Supply Function
Price of the commodity: When the price of a commodity in the market rises, seller increases the price. The cost of…
Economics 2 min read
Elasticity of Demand
Whenever a policy maker wishes to examine the sensitivity of change in quantity demanded due to the change in price,…
General Concepts 2 min read
Strain Gauge Accelerometer
Basic Principle of Strain Gauge Accelerometer When a cantilever beam attached with a mass at its free end is subjected…
Economics 1 min read
Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on 1st February, 1964. Objectives: The…
Economics 1 min read
Industrial Reconstruction Bank of India (IRBI)
About: (i) Industrial Reconstruction Corporation of India (IRCI) was established to provide financial assistance as well as to revive and revitalize…
Economics 1 min read
State Financial Corporations (SFC)
About: v SFC was established in 1951 after three years of the establishment of IFCI. v SFCs were set-up in various states…
Economics 3 min read
CENTRAL BANK
Central Bank may be defined as an institution charged with the responsibility of managing the expansion and contraction of the…
