•         A medium of exchange. •         With the help of money any exchange of goods and services…

• The business world in capitalistic economy is said to experience ups and downs in…

In economics, a production–possibility curve (PPC), is also called a production–possibility frontier (PPF), production-possibility boundary…

• 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…