Categories
Economics Notes

Rationing And Hoarding, Black Market

CONTENT Meaning of Rationing and Hoarding Effects of  Rationing and Hoarding Black Market and its Effects DEFINITIONS: RATIONING: is a […]

Categories
Economics Notes

Price Control policy / Legislation

CONTENT ·         Meaning Objectives Types (Minimum and Maximum) Effects of price control policy PRICE CONTROL POLICY: is defined as a […]

Categories
Economics Notes

Cross Elasticity Of Demand

CONTENT Definition Types (Positive and Negative) Measurement of Income Elasticity of Demand DEFINITION: Cross Elasticity of Demand is the degree […]

Categories
Economics Notes

Income Elasticity Of Demand

CONTENT Definition Types (Positive and Negative) Measurement of Income Elasticity of Demand DEFINITION: Income elasticity of demand is the degree […]

Categories
Economics Notes

Elasticity Of Supply

CONTENT Meaning of Elasticity of Supply. Formula for Calculating Elasticity of Supply. Graphical Illustration of Elasticity of Supply. DEFINITION – […]

Categories
Economics Notes

Elasticity Of Demand

 CONTENT Definition of Elasticity of Demand Types of Elasticity of Demand Price Elasticity of Demand Types of price elasticity of […]

Categories
Economics Notes

Demand And Supply

CONTENT Change in Quantity Demanded Change in Demand Change in Quantity Supplied Change in Supply Effects of change in demand […]

Categories
Economics Notes

Theory Of Consumer Behaviour: Utility, Cardinal school of thought/Assumption, Total, Average and Marginal Utility, Diminishing Marginal Utility

CONTENT Definition of Utility Cardinal school of thought/Assumption Concept of Total, Average and Marginal Utility The law of Diminishing Marginal […]

Categories
Economics Notes

Measures Of Dispersion Of A Grouped Frequency Distribution: • Range • Mean Deviation • Variance • Standard Deviation

CONTENT Range Mean Deviation Variance Standard Deviation  MEASURES OF DISPERSION:  also known as measures of spread or variation describes how […]

Categories
Economics Notes

Measures Of Central Tendency: Mean, Mode and Median

CONTENT MEAN MODE MEDIAN MEASURES OF CENTRAL TENDENCY:  are the values which show the degree to which a given data […]