Post date: 08/15/2014 - 01:19

Demand and supply in economics, is one the major concepts and unavoidable element of market economy. Demand for a good or service is that quantity of the good or service which purchases will be prepared to buy at a given price in a given period of time.  So it is willing and power to purchase a commodity at a certain price. In economics Supply mean “an amount of a commodity or service, a seller is willing to sell is a certain price and time period.

Post date: 08/15/2014 - 00:09

In economics supply and demand are two basic concepts and backbone of market economy. In terms of economics supply means “an amount of a commodity or service which sellers are willing and able to sell at a given price during a given period of time”. While discussing the topic we should know the difference between stock and supply. Supply means the quantity of goods which sellers are willing to sell in market at a given price.

Post date: 08/06/2014 - 03:31

In economics, factor income, is the personal services can be rendered from factors of production. A labor receives his reward in from of wages and entrepreneur in the form of profit for the services rendered. So we can say the wages and profits are the incomes of the people who are working as a labor and entrepreneur respectively.

Post date: 08/06/2014 - 00:00

Utility is the power of a good or the service by which it can satisfy a human want. According to physics, matter can neither be produced nor destroyed. Therefore, what can produced and consumed is the utility. In terms of economics consumer demands only those products which have utility to satisfy his wants.

Post date: 06/04/2014 - 01:34

On June 3rd 2014 Federal Finance Minister, Senator Ishaq Dar presented the budget with an outlay of Rs. 3.8 trillion ($39.3 billion) for fiscal year 2014-2015 in the presence of Prime Minister Nawaz Sharif. Revenue estimated for the FY 2014-2015 Rs. 3.943 trillion. Current expenditures estimations for FY 2014-2015 Rs. 3.130 trillion

Post date: 04/19/2014 - 03:33

Capitalism may be defined as an economic system in which private persons are permitted (subject to regulations by the state) to establish factories, open mills, create banks and other business firms." It may be defined as, "It is a system in which all the means of production and sources of wealth are privatized or denationalized."

Post date: 10/14/2013 - 00:35

According to Recardian Theory of Rent, land is not uniform is quality and as population rises more and more marginal land must come into use. The high cost of producing on the most marginal last will decide the price of grain. The better land yielding a high return must earn economic rent.

Post date: 10/08/2013 - 04:41

There were many difficulties and inconveniences in the barter system, around the globe there was a need for accepted medium of exchange. With the passage of time many other types of money emerged for the purpose of exchange. Under commodity money, a large number of goods served as money. As metals were available from early times and were durable, portable and easily divisible therefore it got rapid popularity.


Related pages

define indemnitieswhat does social mores meanexamples of propaganda devicespolygyny meaningobservational methods psychologyrole of lok sabha and rajya sabha in parliamentimplications of classical conditioningmcgregors theory x and yan example of ageismhuman resource managers are sometimes calledblake and mouton gridadvantages of multinational corporationbcg growth share matrix examplesjean bodin on sovereignty pdfsalient features of the british constitutionbenefits of colonization in africadefinition of editorialsblake mouton leadership griddefinition of idealisticadvantages of specialization of labourid ego superego simple definitionsvalue chain analysis michael porterhypothesyjustice according to platoadvantages and disadvantages of market researchracism meaning in hindiorganisational behaviour personalitymeaning of deflation in hindiansoff growth matrix exampleeffects of business transactions on the accounting equationdemerits of lecture methodgregor theory x and yfreuds psychosexual theorymcdonalds weaknessesexample of transfer propagandaexample of barter economyan example of horizontal integrationbcg growth share matrix examplecognitive theory of development piagetgeneric strategies in strategic managementsocialization stagespakistan government systeminterview schedule template wordstrengths of idealismvariables in the macro environmentexample of market skimminghorton definitionorganisational behaviour personalityhow are women discriminated against in the workplacecarl rogers theoriesmanagerial grid meaning5th generation computers advantages and disadvantagesswot analysis on applepiaget development theorylionel marshallsigmund freud stages of personality developmentexample of concentric diversificationsocial stratification definition in sociologypowers of rajya sabhameaning of omnipotent in hindilaws of perceptual organizationadvantages and disadvantages of demonstration teaching methodimplementer definitionprocess of segmenting marketsmeaning of bcg1935 government of india actdefinition of deflation in economicswhat is the meaning of idealisticdefine sororalstp in marketing