Tag: SS2 ONLINE STUDY

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

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

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

In a physical sense, a market means a fixed place where people meet to buy and sell goods; that is, […]

TRADE UNION A trade union is an association of workers formed to enable the members to take collective, rather than […]

UNEMPLOYMENT Unemployment is defined as a situation in which persons of working age, able and willing to work are unable […]

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

LABOUR MARKET Labour market is defined as a market which workers and employers are brought into contact and conditions of […]

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

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