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CAPITALIST ECONOMY

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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 […]

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Economics
Singhvi Online

BASIC PROBLEMS OF AN ECONOMY

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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.

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Economics

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
Singhvi Online

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
How to learn English as a New language ?

How to learn English as a New language ?

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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

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Knowledge Resources, Learning

Logical Reasoning – Blood Relations

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Blood relations:what do you understand by blood relation? It means relationship between two persons by birth and not by marriage. In order to understand the relationships, we can divide the relationships into two sides: Maternal side: related to mother>>Let us understand relationships of maternal side: mother’s side Mother’s father Maternal grandfather Mother’s mother Maternal grandmother

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Logical Reasoning