Category: Random Articles
-
Table of Contents SOCIALIST ECONOMY CHARACTERISTICS OF SOCIALIST ECONOMY COLLECTIVE OWNERSHIP ECONOMIC PLANNING ABSENCE OF CONSUMER CHOICE RELATIVELY EQUAL INCOME DISTRIBUTION MINIMUM ROLE OF PRICE MECHANISM OR MARKET FORCES ABSENCE OF COMPETITION MERITS OF SOCIALIST ECONOMY DEMERITS OF SOCIALIST ECONOMY CONCLUSIVE STATEMENT Characteristics of Socialist Economy: Key Characteristics of a Socialist Economy Collective Ownership Economic…
-
Table of Contents:CAPITALIST ECONOMYCHARACTERISTICS OF CAPITAL ECONOMYRIGHT TO PRIVATE PROPERTYFREEDOM OF ENTERPRISEFREEDOM OF ECONOMIC CHOICEPROFIT MOTIVECONSUMER SOVEREIGNTYCOMPETITIONABSENCE OF GOVERNMENT INTERFERENCEHOW DO CAPITALIST ECONOMIES SOLVE THEIR ECONOMIC PROBLEMS?DECIDING WHAT TO PRODUCE?DECIDING HOW TO PRODUCE?DECIDING FOR WHOM TO PRODUCE?DECIDING ABOUT SAVINGS, CONSUMPTION AND INVESTMENTSINTERPRETATIONMERITS OF CAPITALIST ECONOMYDEMERITS OF CAPITALIST ECONOMYCONCLUSIVE STATEMENT An economic system in which all…
-
BASIC PROBLEMS OF AN ECONOMYWhat To Produce?How To Produce? For Whom To Produce?What Provisions (if any) are to be made for Economic Growth?ECONOMIC SYSTEM CLASSIFICATION OF ECONOMIESCAPITALIST ECONOMY, SOCIALIST ECONOMY & MIXED ECONOMY BASIC PROBLEMS OF AN ECONOMY Just like resources are scarce for humans, all countries face the problem of scarcity of resources without any exception.…
-
Highest Paid Actor in Hollywood – Dwayne Johnson Dwayne Douglas Johnson, also known by his ring name the Rock, is an American-Canadian actor, producer, businessman, retired professional wrestler, and former American football and Canadian football player. He wrestled for the World Wrestling Federation for eight years prior to pursuing an acting career. He is in…
-
Emma Thompson played challenging role of Nanny McPhee who uses mystical powers to instill disciplineNanny McPhee is a 2005 comedy fantasy film based on the Nurse Matilda character by Christianna Brand. It was directed by Kirk Jones, co-produced by StudioCanal, Working Title Films, Three Strange Angels, and Nanny McPhee Productions with music by Patrick Doyle…
-
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…
-
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…
-
Amazing facts about the world – Your knowledge brush up to keep you updated: Thanks for Reading our Blog – Hope you will enjoy a boost of knowledge. Read More with us………check out below
-
Have you ever wondered about having your body painted with lot of colours to make a beautiful piece of art. This is very much famous in western countries and not always large pieces on fully nude bodies, but can involve smaller pieces on displayed areas of otherwise clothed bodies. There has been a revival of…
-
Table of contents:1. Introduction & Requirement – To learn English2. Four step process – Listen, Speak, Read & Write3. Application of Vocabulary to build Phrases 4. conclusion Introduction & Requirement : To learn English Lots of the time people have a phobia of writing letters, talking to people, and communicating with other people. And it’s not…