Definition of National Income The total net value of all goods and services produced within…

Circular flow model is the basic economic model and it describes the flow of money…

Macroeconomics is a part of economic study which analyzes the economy as a whole. It…

Capital Budgeting is the process by which the firm decides which long-term investments to make.…

Pricing is the process of determining what a company will receive in exchange for its…

Price determination is one of the most crucial aspects in economics. Business managers are expected…

In managerial economics another area which is of great importance is cost of production. The…

In economics, production theory explains the principles in which the business has to take decisions…

Demand Demand is a widely used term, and in common is considered synonymous with terms…

The 'Law Of Demand' states that, all other factors being equal, as the price of…