Author: StopLearn Team 2

In every economic system, what to produce, how to produce, for when to produce and efficiency of the resources used […]

The concept of the opportunity cost underlines the basic economic problems of scarcity and choice, and is relevant to the […]

The basic concept or elements of economics are: wants, scarcity, scale of preference, choice and opportunity cost. Wants Wants simply […]

Economics can be called a science. It has many laws like the physical sciences. The economist observes the behaviour of […]

Economics has very many definitions. There are a variety of modern definitions of economics. Some of the differences may reflect […]

Privatisation of a business is the process by which the government sells its shares in government-controlled enterprises to private individuals […]

Meaning of Joint Ventures Joint ventures or enterprises can be defined as those businesses in which private investors and governments […]

Meaning of Co-operative Society A co-operative society is an association of people with a common interest, formed for the purpose […]

Definition of Limited Liability Companies There are two types of Limited Liability Companies – Private Limited Liability Company or ‘the […]

Types and Basic Features of Business Enterprises The types of business enterprises include sole-proprietorship, partnership, Joint Stock Companies (private and […]