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 AND concept OF Utility

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

SS2 First Term Economics Senior Secondary School

Welcome to Stoplearn.com online secondary school 2 SS2 first term.  Here you can learn Economics for Senior Secondary School  online […]

Localisation of Industries

LOCALISATION OF INDUSTRIES Localisation of  industries refers to the concentration of many firms of an industry in a particular area. […]

Location of Industries

LOCATION OF INDUSTRY Location of industry refers to the siting of an industry in a particular place. Factors Influencing Industrial […]

Industry

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

Price And Quality Determination Under Perfect Competition

EQUILIBRIUM IN THE SHORT-RUN The short run is the period in which a firm can vary its output by changing […]

Labour and Wages

SUPPLY OF LABOUR Supply of labour may be defined as the total number of people of working age offered for […]

Capitalism, Socialism and Mixed Economy

ECONOMIC SYSTEMS An economic system may be defined as a medium or an organized way by which the means of […]

revenue concept and types of Revenue

TOTAL REVENUE (TR): This refers to the total income which a firm derives from the sale of its products. Total […]