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Exceptions to the law of Demand

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Table Of Contents:Exceptions to the law of demandConspicuous goodsGiffen goodsConspicuous  necessitiesFuture expectations about pricesIncomplete information and irrational behaviourDemand for necessariesSpeculative goods   Expansion and Contraction of demand    Increase and Decrease in demand      Effect of non-price determinants of demand    Movements along the demand curve VS. shift of demand curve Exceptions to the law of demand: we know that as per law […]

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Economics
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Rationale of the law of demand

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CONTENTSRationale of the law of demand: Price effect of a fall in price: Utility maximizing behaviour of consumer:    Arrival of new customers: Different uses: Rationale of the law of demand:  We know that the demand curve slopes downwards. There is an inverse relationship between quantity demanded and its price. i.e, as price decreases, quantity demanded

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Economics
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Nature & Scope of Business Economics

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Now having understood micro and macroeconomics, let us understand the nature of business economics: The following points will describe the nature of business economics: .   Business  economics is a science ·   Based on microanalysis ·   Incorporates elements of macro analysis ·   Business economics is also an art ·   Use of theory

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Economics
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Micro and macro economics

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Hello everyone, welcome to the Singhvi Online family. Hope you are in the best of health and spirit. In today’s blog, we are going to understand the concept of Micro-economics and Macro-economics And the  nature of Business economics. Table Of Contents: Meaning of Micro Economics Definition of Micro Economics Interpretation Meaning Of Macro Economics Definition

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Economics
Business Economics Singhvi Online

What is Business Economics & How it helps in Decision-Making?

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Hello everyone, welcome to the Singhvi Online family. Hope you are in the best of health and spirit. In the previous blog, we understood what economics is about, and we did economic analysis. Now we are going to learn Business Economics & Decision-Making with the help of Business Economics. Table of contents: Definition of business

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Economics
Singhvi Online

Learn and understand how to easily perform a break even analysis

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The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal. There is no net loss or gain, and one has “broken even,” though opportunity costs have been paid and capital has received the risk-adjusted, expected return. In short, all costs that must be paid are paid, and there is neither profit

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Economics