Categories
Economics

Implications of Population size

The size of the population of a country has a number of implications. Some are political while others are economic.  […]

Categories
Economics

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 […]

Categories
Economics

Economic Systems

Definition of Economic System An economic system may be defined as a medium or an organized way by which the […]

Categories
Economics

Money

Definition and Meaning of Money Money may be defined as anything that is generally acceptable as a medium of exchange for […]

Categories
Economics

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 […]

Categories
Economics

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 […]

Categories
Economics

The Theory of Consumer Behavior AND concept OF Utility

The theory of consumer behavior is primarily concerned with how the consumer or household tries to satisfy his or her […]

Categories
Economics

Localisation of Industries

Localisation of  industries refers to the concentration of many firms of an industry in a particular area. Advantages And Disadvantages […]

Categories
Economics

Location of Industries

Location of industry refers to the siting of an industry in a particular place. Factors Influencing Industrial Location Generally, location […]

Categories
Economics

Industry

An industry consists of a group of firms producing broadly similar commodities. Examples are the shoe industry, the transport industry, […]