INDIAN PREMIER LEAGUE – All you want to know about In India when we talk about cricket it’s not about batting, bowling and fielding. Cricket is played with utmost respect and every run scored and wicket taken or great fielding is cheered. We can proudly say in cricket the platform is open irrespective of your […]
Demand Forecasting – Understanding Predictions
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MIXED ECONOMY
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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 […]
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BASIC PROBLEMS OF AN ECONOMY
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Highest Paid Actor in Hollywood – Dwayne Johnson
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Emma Thompson played challenging role of Nanny McPhee
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Exceptions to the law of Demand
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 […]
Rationale of the law of demand
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 […]