Category: Lucknow University BBA Notes

There has been revolutionary change in Indian Economy since the espousal of new economic strategy in 1991. This had great…

Dependence on Agriculture Majority of India’s working population depend on agricultural activities to pursue their livelihood. In 2011 about 58…

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and…

Profits or expected profit stream from a productive activity or an investment play a crucial role in decision making by…

It is generally held that the main motive of a firm is to make profits. The volume of profit made…

The term profit has distinct meaning for different people, such as businessmen, accountants, policymakers, workers and economists. Profit simply means…

Economies of scope are “efficiencies formed by variety, not volume” (the latter concept is “economies of scale”). In economics, “economies”…

A cost function is a formula used to predict the cost that will be experienced at a certain activity level.…

The demand function shows the relation between the quantity demanded of a commodity by the consumers and the price of…

Discounting principle is a continuation of time perspective & we can say it is a corollary of time perspective. The…