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What is black marketing? Black Marketing means hoarding of sure commodity to sell it at higher prices. But it is an illegal activity in the economy and makes artificial shorta
what is demand
Q. What is Corporation? A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of thi
explain the traditional theory of cost with suitable diagrams.explain why LAC curve is not U shaped?
Change in consumer Taste/preference: Any change in consumer taste or preference causes demand to change. Increased taste or preference for a particular good causes demand to inc
Monopolistic Competition and Oligopoly: It was recognized that most industries exhibit the features of monopolistic competition in real-life. However, it must be pointed out t
optimal contracts under symmetric information
illustrate and discuss implications of various market structure(non competitive and competitive) for price determination
conditions of pareto optimality
current rate of gdp
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