General Concepts 2 min read
Cross Elasticity of Demand
An economic concept that measures the responsiveness in the quantity demanded of one commodity when a change in price takes…
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Factors Affecting Price Elasticity of Demand
The key factors which determine the price elasticity of demand are discussed below − Substitutability Number of substitutes available for…
General Concepts 3 min read
Demand & Elasticities
The ‘Law Of Demand’ states that, all other factors being equal, as the price of a good or service increases,…
General Concepts 3 min read
Market System & Equilibrium
In economics, a market refers to the collective activity of buyers and sellers for a particular product or service. The…
General Concepts 5 min read
Regression Techniques
Regression is a statistical technique that helps in qualifying the relationship between the interrelated economic variables. The first step involves…
General Concepts 3 min read
Economic Analysis & Optimizations
Economic analysis is the most crucial phase in managerial economics. A manager has to collect and study the economic data…
General Concepts 3 min read
Business Firms & Decisions
Business firms are a combination of manpower, financial, and physical resources which help in making managerial decisions. Societies can be…
General Concepts 4 min read
Economics Overview
A close interrelationship between management and economics had led to the development of managerial economics. Economic analysis is required for…
General Concepts 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…
General Concepts 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…
General Concepts 1 min read
State Financial Corporations (SFC)
About: SFC was established in 1951 after three years of the establishment of IFCI. SFCs were set-up in various states…
General Concepts 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…