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 […]
An industry consists of a group of firms producing broadly similar commodities. Examples are the shoe industry, the transport industry, […]
EQUILIBRIUM IN THE SHORT-RUN The short run is the period in which a firm can vary its output by changing […]