If there is a change in quantity demanded due to change in factors other than product’s price i.e. consumer’s income, taste etc OR a change in product’s price leads to no change in quantity demanded, it is known as rise (or increase) and fall (or decrease) in demand. In such cases, whole demand … [Read More...] about Rise and Fall of Demand Curve – Shifting in Demand
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Cross Elasticity of Demand
Proportional change in quantity demanded of one good due to the proportional change in the price of another good, is called cross-elasticity of demand. Thus: The concept of cross elasticity of demand appears in case of related goods, i.e. substitute goods and complementary goods. Cross … [Read More...] about Cross Elasticity of Demand
Extraction and Contraction of Demand
If there is a change in quantity demanded due to a change in price of the commodity or service while other factors are held constant, it is known as changes in quantity demanded or extension / contraction of demand curve. When we show extension or contraction in a diagram, we remain on the same … [Read More...] about Extraction and Contraction of Demand
How to Calculate Income Elasticity of Demand
Proportional change in quantity demanded due to a … [Read More...] about How to Calculate Income Elasticity of Demand
10 Importance of Elasticity of Demand
Guidance for Finance Minister The concept of … [Read More...] about 10 Importance of Elasticity of Demand
16 Major Difference between Public and Private Finance
The term “finance” is associated with revenue and … [Read More...] about 16 Major Difference between Public and Private Finance
Advantages and Disadvantages of Short Term Credit
Creditor's funds are available at easy rates than the … [Read More...] about Advantages and Disadvantages of Short Term Credit
10+ Determinants of Price Elasticity of Demand
Nature of the Commodity In the case of basic … [Read More...] about 10+ Determinants of Price Elasticity of Demand
Apply Goodyear Credit Card – Login, Benefits & Application Process
Goodyear Credit Card is Citi Bank service designed especially for Goodyear clients to provide special discount features and promotional benefits to cardholders only. This card helps consumers to available multiple additional benefits along with the … [Read More...] about Apply Goodyear Credit Card – Login, Benefits & Application Process
Difference between Selling and Salesmanship
If you ask Difference between Salesmanship and Selling, most of them will be unable to distinguish and answer. Salesmanship & Selling in general are considered the same thing. People say Salesmanship is selling but actually they are totally … [Read More...] about Difference between Selling and Salesmanship
Workmen Compensation ACT 1923
The workmen compensation Act 1923 is the first measure of social security introduced in 1923 came into force from 1st July 1924. The workmen compensation is an act to provide for the payment by certain classes of employers to their workmen of … [Read More...] about Workmen Compensation ACT 1923
Functions of Wholesalers
The wholesaler is a link between producers and retailers. He may be said to provide the economic utilities of time, place and possession which may lead to economies in distribution. On the one hand he performs the services to manufacturers on the … [Read More...] about Functions of Wholesalers
History of Income Tax Law in Pakistan
Promulgation of Income Tax Act, 1922 When Pakistan came into being, the Government of Pakistan promulgated the Income Tax Act, 1922, as amended up to the date for regulating the taxation system in Pakistan. An Applicability of the Income … [Read More...] about History of Income Tax Law in Pakistan
Characteristics of Good Employee – How To Be Best Employee
Employees are considered as building blocks for the organization. So, it is important that they should have a piece of vast knowledge to test a good employee. As the employees are the asset to any organization. The advantage of Organizational Human … [Read More...] about Characteristics of Good Employee – How To Be Best Employee
Types of Warehouses
A warehouse is a place where different goods are stored or accumulated for a temporary period. It created time utility for supply chain management. The need for warehouses arises out of the lack of adjustment between times of production and times of … [Read More...] about Types of Warehouses
Cooperative Societies
How to Register Cooperative Societies The Formation of Cooperative Society is simple matter and there is no complicated procedure for its registration. The formation of the cooperative society is govsherned by the provision of cooperative society … [Read More...] about Cooperative Societies
3 Major Types of Resolutions in a Company
Resolutions are communications embodying the views or intentions concerning some important matter. They are not addressed to anyone in particular and are drafted in the third person. A company resolution may be defined by Pitfield, “a formal … [Read More...] about 3 Major Types of Resolutions in a Company
Modern Theory Of Factor Pricing
Marginal productivity theory was discarded by the modern economists. “Marginal productivity theory does not explain the determination of wages, rent or interest. On the contrary, it simply explains how factors of production are hired by the … [Read More...] about Modern Theory Of Factor Pricing