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30th January 2022
By
indiafreenotes
There has been revolutionary change in Indian Economy since the espousal of new economic strategy in 1991. This had great…
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30th January 2022
By
indiafreenotes
Dependence on Agriculture Majority of India’s working population depend on agricultural activities to pursue their livelihood. In 2011 about 58…
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30th January 2022
By
indiafreenotes
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and…
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29th January 2022
By
indiafreenotes
Profits or expected profit stream from a productive activity or an investment play a crucial role in decision making by…
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29th January 2022
By
indiafreenotes
It is generally held that the main motive of a firm is to make profits. The volume of profit made…
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29th January 2022
By
indiafreenotes
The term profit has distinct meaning for different people, such as businessmen, accountants, policymakers, workers and economists. Profit simply means…
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29th January 2022
By
indiafreenotes
Economies of scope are “efficiencies formed by variety, not volume” (the latter concept is “economies of scale”). In economics, “economies”…
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29th January 2022
By
indiafreenotes
A cost function is a formula used to predict the cost that will be experienced at a certain activity level.…
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28th January 2022
By
indiafreenotes
The demand function shows the relation between the quantity demanded of a commodity by the consumers and the price of…
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28th January 2022
By
indiafreenotes
Discounting principle is a continuation of time perspective & we can say it is a corollary of time perspective. The…
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