Malthusian Population Theory This is a theory formulated by Thomas Robert Malthus in a book titled An Essay on the Principle of Population […]
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Implications of Population size
The size of the population of a country has a number of implications. Some are political while others are economic. […]
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Economic problems of every society
Economic System refers to the system by which a nation organizes the ownership, control and allocation of her resources in […]
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Economic Systems
Definition of Economic System An economic system may be defined as a medium or an organized way by which the […]
Definition and Meaning of Money Money may be defined as anything that is generally acceptable as a medium of exchange for […]
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Rationing and Hoarding
HOARDING In economics, hoarding is the practice of obtaining and holding scarce resources, possibly so that they can be sold to customers […]
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Change in Quantity Demanded
A change in quantity demanded is a movement along a/single demand curve. The main determinant of a change in the […]
The theory of consumer behavior is primarily concerned with how the consumer or household tries to satisfy his or her […]
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Localisation of Industries
Localisation of industries refers to the concentration of many firms of an industry in a particular area. Advantages And Disadvantages […]
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Location of Industries
Location of industry refers to the siting of an industry in a particular place. Factors Influencing Industrial Location Generally, location […]