KEYNES PSYCHOLOGICAL LAW OF CONSUMPTION John Maynard Keynes has explained the consumption behaviour of the household sector through the Psychological…
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
MEASUREMENT OF NATIONAL INCOME National income is the total money value of goods and services produced by a country in…
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
DIFFERENCE BETWEEN PERFECT AND MONOPOLISTIC COMPETITION PERFECT COMPETITION A Perfect Competition market is that type of market in which the…
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
PRODUCT DIFFERENTIATION STRATEGY Product differentiation is the means used by a firm in a monopolistic competitive market with many firms…
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
DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY PERFECT COMPETITION A Perfect Competition market is that type of market in which the…
PRICE DISCRIMINATION
PRICE DISCRIMINATION Price discrimination refers to the charging of different prices by the monopolist for the same product. The difference…