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Business Economics

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Market Structure

  • Post author:Manoj
  • Post published:26 February 2022
  • Post category:Business Economics
  • Post comments:0 Comments

What is market structure? Market structure can be explained as interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion…

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What is monopoly? Definition, Features, Types, Price-output determination

  • Post author:Manoj
  • Post published:20 February 2022
  • Post category:Business Economics
  • Post comments:0 Comments

What is monopoly? The term monopoly has been derived from Greek term Monopolian that means a single seller. Thus, monopoly is a market condition in which there is a single…

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Monopolistic Competition: Meaning, Features, Price determination

  • Post author:Manoj
  • Post published:20 February 2022
  • Post category:Business Economics
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What is Monopolistic Competition? Monopolistic competition is a situation of market in which the number of producers and sellers is large though not so large as to create the situation…

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What is Supply? Law of Supply and Supply Curve

  • Post author:Manoj
  • Post published:12 February 2022
  • Post category:Business Economics
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What is supply? Supply can be defined as that much quantity of commodity which a producer or seller is willing and able to sell at given price level. Supply of…

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Microeconomics and Macroeconomics

  • Post author:Manoj
  • Post published:10 February 2022
  • Post category:Business Economics
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What is Microeconomics? Microeconomics is the study of the economic behavior of individual consumer and producer and of individual economic variables i.e. production and pricing of individual goods and services.…

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What is Cost Concepts?

  • Post author:Manoj
  • Post published:8 October 2021
  • Post category:Business Economics
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Cost Concepts Cost is measurement in monetary terms of the amount of resources used for the purpose of production of goods or rendering services. It can be expressed in terms…

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Economy and Its Basic Problem

  • Post author:Manoj
  • Post published:8 October 2021
  • Post category:Business Economics
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Basic Problems of an Economy The basic problems of economic decisions and form the basis of economic studies and generalisation.The major economic problems faced by an economy whether capitalist, socialist…

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What is Business Economics? Definitions, Scope, Nature

  • Post author:Manoj
  • Post published:4 October 2021
  • Post category:Business Economics
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What is Business Economics? Economics is the social science studying the production, distribution and consumption of goods and services. Economics is a complex social science spans from mathematics to psychology.…

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What is Demand? Definitions, Essentials, Classifications, Law of Demand

  • Post author:Manoj
  • Post published:21 September 2021
  • Post category:Business Economics
  • Post comments:0 Comments

What is Demand? The demand for anything, at a given price is the amount of it which will be bought per unit of time at the price. The quantity of…

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