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
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
The 4 Price Elasticity of Demand Measurement Techniques
Lord Kelvin, a well known English scholar, says that: “Your knowledge is of meager and unsatisfactory kind if you cannot measure what you are speaking about.” We must know some methods to measure elasticity of demand to reflect our sound … [Read More...] about The 4 Price Elasticity of Demand Measurement Techniques
Carry Forward Losses & Set off Losses
Set Off of Losses are The adjustment of losses from one head against the income, profits or gains of any other head of income during the same tax year is called set-off of losses. Carry Forward of Losses are The losses are not fully adjusted … [Read More...] about Carry Forward Losses & Set off Losses
Get Payday Loans that don’t require a Bank Account
When you are facing a financial emergency and looking into short-term loan just to get by. US Loan Lenders that don't require a bank account have a have simple processing procedures to get you cash advance instantly approve. You do not need to be … [Read More...] about Get Payday Loans that don’t require a Bank Account
Import Procedure
The interchange of commodities between two or more persons who extract or produce them and who actually consume directly or indirectly is known as trade. In other words, it includes all those activities which are engaged in transferring title of the … [Read More...] about Import Procedure
The Primary 4 Functions of Management – Planning, Organizing
Management sciences have proven its importance in every part of life no matter who you are, a worker at some organization or owner of the organization you must have a good knowledge about management in order to be successful. Because whoever you are … [Read More...] about The Primary 4 Functions of Management – Planning, Organizing
Marshall’s & Robbins Economics Definition
“Economics is the study of man in ordinary business of life. It enquires how he gets his income and here he uses it. It examines that part of individual and social action, which is most closely connected with the attainment and with the use of … [Read More...] about Marshall’s & Robbins Economics Definition
Importance of Psychology in Human Resources Management – HRM
Psychology is the study of mind and behaviour and if we talk about the role of psychology in human resources then it is the branch of psychology studying behaviour and mental processes of the person in the course of management. Organizational … [Read More...] about Importance of Psychology in Human Resources Management – HRM
Importance of Zakat
The only reason for the importance of Zakat is that it is an important pillar of Islam. Different scholars may have different definitions of Zakat but in simple words, "Zakat is Purification of money". Zakat is due after 1 year of keeping the asset. … [Read More...] about Importance of Zakat