Communication is an exchange of facts, ideas, opinions or emotions by two or more people.
Demand means the various quantities of goods that would be purchased per time period at different prices in a given market.
What is Transport? Transport is the movement of people and goods from one place to another. In other words, Transport…
Consumers surplus is the economic gain accruing to a consumer (or consumers) when they engage in trade
iness economists are the persons who perform jobs in context to identify various problems that are uplifting a company, find out various reasons behind these problems, analyze their effects on the functioning of the company and finally suggest rational alternative and corrective measures to be taken by the management.
Human development is a multifaceted process and involves different aspects. One aspect involves biological and physical development.
A curve showing different combinations of two commodities giving the same level of satisfaction to the consumer is called the indifference curve.
The Law of Diminishing Marginal Utility is based on the assumption that as a consumer consumes more and more units of a commodity, its severity of want declines, due to this, the marginal utility derived from the commodity also declines.
ility analysis, a subset of consumer demand theory, provides insight into an understanding of market demand and forms a cornerstone of modern microeconomics.
lation composition is the description of the characteristics of a group of people in terms of factors such as their age, sex, marital status, education, occupation, and relationship to the head of household.