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KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION
Apr05April 5, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION

KEYNES PSYCHOLOGICAL LAW OF CONSUMPTION John Maynard Keynes has explained the consumption behaviour of the household sector through the Psychological…

CONSUMPTION FUNCTION
Apr05April 5, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

CONSUMPTION FUNCTION

CONSUMPTION FUNCTION Consumption function or propensity to consume refers to the general income consumption relationship. It represents functional relationship between…

MEASUREMENT OF NATIONAL INCOME
Mar30March 31, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

MEASUREMENT OF NATIONAL INCOME

MEASUREMENT OF NATIONAL INCOME National income is the total money value of goods and services produced by a country in…

NATIONAL INCOME IN INDIA
Mar29March 29, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

NATIONAL INCOME IN INDIA

NATIONAL INCOME IN INDIA The total net value of all goods and services produced within a nation over a specified…

PERFECT AND MONOPOLISTIC COMPETITION
Mar28March 28, 2020KEY DIFFERENCES, MANAGERIAL ECONOMICS, MICRO ECONOMICS

PERFECT AND MONOPOLISTIC COMPETITION

DIFFERENCE BETWEEN PERFECT AND MONOPOLISTIC COMPETITION PERFECT COMPETITION A Perfect Competition market is that type of market in which the…

MONOPOLY AND MONOPOLISTIC COMPETITION
Mar28March 28, 2020KEY DIFFERENCES, MANAGERIAL ECONOMICS, MICRO ECONOMICS

MONOPOLY AND MONOPOLISTIC COMPETITION

DIFFERENCE BETWEEN MONOPOLY AND MONOPOLISTIC COMPETITION MONOPOLY The word monopoly has been derived from the combination of two words i.e.,…

PRODUCT DIFFERENTIATION STRATEGY
Mar28March 28, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

PRODUCT DIFFERENTIATION STRATEGY

PRODUCT DIFFERENTIATION STRATEGY Product differentiation is the means used by a firm in a monopolistic competitive market with many firms…

MONOPOLISTIC COMPETITION
Mar28March 28, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

MONOPOLISTIC COMPETITION

MONOPOLISTIC COMPETITION The concept of monopolistic competition was put-forth by an American economist Prof. E.H. Chamberlin in his popular book,…

DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY
Mar24March 24, 2020KEY DIFFERENCES, MANAGERIAL ECONOMICS, MICRO ECONOMICS

DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY

DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY PERFECT COMPETITION A Perfect Competition market is that type of market in which the…

PRICE DISCRIMINATION
Mar24March 24, 2020MANAGERIAL ECONOMICS, MICRO ECONOMICS

PRICE DISCRIMINATION

PRICE DISCRIMINATION Price discrimination refers to the charging of different prices by the monopolist for the same product. The difference…

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