• The additional physical product obtained due to the employment of one extra unit of…

Investment has dual aspect. It implies the production of new capital goods like plants and…

Conceptual Difficulties: • No practicable methods exists for inclusion of some items in National Income…

It is a specific type of oligopoly where only two producers exist in one market.…

Oligopoly is a market situation in which there are few firms producing either differential goods…

It is that form of market in which there are large numbers of sellers selling…

Imperfectly competitive markets may be classified as: Ø  Monopoly, Ø  Monopolistic Competition, Ø  Oligopoly and Ø  Duopoly Monopoly Monopoly…

• In economics, market means a social system through which the sellers and purchasers of a…

In the short-run, a firm employs two types of factors: fixed factors and variable factors.…