DEMAND FORECASTING Forecasting of demand is an art and science of predicting the probable demand for a product or service at some future date on the basis of certain past behaviour patterns of some related events and prevailing trends in the present. BASICS Forecast means to predict. So what is…
Table of Contents:MIXED ECONOMYFEATURES OF MIXED ECONOMYCO-EXISTENCE OF PRIVATE AND PUBLIC SECTORPRIVATE SECTORPUBLIC SECTORCOMBINED SECTORMIXED ECONOMY HAS THE FOLLOWING MERITS AVAILABLE TO CAPITALIST AND SOCIALIST ECONOMYFACTSCONCLUSIVE STATEMENT The mixed economic system depends on both markets and governments in allocation of resources. Every economy in the real world makes use of…
Table of Contents:SOCIALIST ECONOMYCHARACTERISTICS OF SOCIALIST ECONOMYCOLLECTIVE OWNERSHIPECONOMIC PLANNINGABSENCE OF CONSUMER CHOICERELATIVELY EQUAL INCOME DISTRIBUTIONMINIMUM ROLE OF PRICE MECHANISM OR MARKET FORCES ABSENCE OF COMPETITIONMERITS OF SOCIALIST ECONOMYDEMERITS OF SOCIALIST ECONOMYCONCLUSIVE STATEMENT Characteristics of Socialist Economy: Collective OwnershipEconomic PlanningAbsence of Consumer choiceRelatively Equal Income DistributionMinimum Role of Price Mechanism or Market…
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…
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…
Table of Contents 1. Law of Demand 2. Demand Function 3. Individual Demand schedule with curve 4. Market Demand schedule with curve Law of demand: the law of demand is one of the most important laws of economic theory. It states the nature of the relationship between the quantity demanded…
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…
Hi there, Hope you all are doing fantastic, Actually I was collecting information and checking out piece of videos for my newly born baby boy then some interesting videos came across and then enjoyed knowing fact about them that they are trending and most popular among learning kids and their…