Latest posts
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What is Price discrimination? explain its kinds.
Introduction: Generally speaking the monopolist will not change uniform price for all the customers in the market he will follow different methods and the different circumstances. The price discrimination policy refers to the a seller charge different prices for different customer for the same commodity produced under a single control without any differences in cost.…
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Explain the price and output determination under perfect competition under short run and long run.
Introduction: In a perfect competition market structure, price and output determination occur through the interaction of demand and supply forces. Individual firms are price takers, meaning they accept the market price determined by the overall market conditions. price and output determination under perfect competition under short-run and long-run. Price and output determination under short run:…
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Explain the types of Oligopoly Market.
Introduction: The term oligopoly is derived from two Greek words oligoi and Pollein meaning a few to sell. Thus it is a market where there are few firms producing either identical product or differentiated product. An oligopoly is a type of market where a small number of firms dominating the market. These firms are interdependent,…
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What is price elasticity of demand? explain its types.
Meaning: Elasticity of Demand refers to the responsiveness of the quantity demanded of a good or service to changes in factors that influence demand, such as price, income, or the prices of related goods. It helps analyze how sensitive consumers are to changes in these variables. Price elasticity of demand: Price Elasticity of Demand (PED)…
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What is a Bank? Explain the types of Bank.
A bank is a financial institution that accepts deposits from individuals and businesses, provides loans, and offers various financial services like currency exchange, wealth management, and payment processing. A bank is institution that deals in money and and provides other money related services. Banks play a very role in the economy by facilitating the flow…
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Write a note on NEP( An Assessment).
Introduction: The New Economic Policy (NEP) of 1991 was a landmark in the history of India’s economic strategy. Before to 1991, India followed a protectionist policy, mixed economy type, featured by extensive government regulation, high tariffs, and limited foreign investment. The economic reforms introduced in 1991, often referred to as the LPG reforms (Liberalization, Privatization,…
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Syllabus of Economics Major-4- Economic Development of India.
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Syllabus of Economics- Major/Minor–3- Economic Theory and Public Finance.
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Syllabus of Economics Major/Minor-2- Money, Banking and International Trade.
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Syllabus of Economics Major/Minor-1-Principles of Economics.