A change in quantity demanded is a movement along a/single demand curve. The main determinant of a change in the […]
Categories
The theory of consumer behavior is primarily concerned with how the consumer or household tries to satisfy his or her […]
The measures of dispersion is also called measure of variation. The Range The range is the simplest and most straight […]
Categories
MEASURES OF CENTRAL TENDENCY
The arithmetic mean, also popularly referred to as the “mean” is the average of a series of figures or values. […]
Categories
Localisation of Industries
Localisation of industries refers to the concentration of many firms of an industry in a particular area. Advantages And Disadvantages […]
Categories
Location of Industries
Location of industry refers to the siting of an industry in a particular place. Factors Influencing Industrial Location Generally, location […]
An industry consists of a group of firms producing broadly similar commodities. Examples are the shoe industry, the transport industry, […]
MONOPOLY Monopoly is a market situation in which an individual or firm controls the total output or supply of a […]
Categories
Imperfect Market
An imperfect market may be defined as the market in which prices of goods or services can easily be influenced […]
EQUILIBRIUM IN THE SHORT-RUN The short run is the period in which a firm can vary its output by changing […]