What is the Meaning of Price? Pricing is defined as the process of determining what a company will receive in…
What is Consumer Behavior? Consumer behaviour is the study of how individual customers, groups, or organizations select, buy, use, and…
Inflation means a steep increase in prices, resulting in a decrease in the value of money over a period of time...
What is Social Audit? The term ‘social audit’ may be explained in several ways. As far as common understanding goes,…
What is Business Cycle? Business cycles are a type of fluctuation found in the aggregate economic activity of nations that…
What is Meaning Monopoly Structure? A monopoly is a market structure where there is a single seller/producer of a commodity…
How is price and output determined under perfect competition? Perfect competition refers to a market situation where there are a…
Who gave the concept of time element in price determination? Professor Marshall has explained the importance role of time elements…
In an open competitive market, it is the interaction between demand and supply that tends to determine price and quantity.…
What is Market? A market refers to a place where buyers and sellers are physically present to purchase and sell…
