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Applications of Opportunity Cost
The concept of opportunity cost has been widely used by modern economists in various fields.…
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Opportunity Cost
• The concept of opportunity cost occupies a very important place in modern economic analysis.…
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Determinants of Elasticity of Supply
Nature of the commodity: The supply of durable goods can be increased or decreased effectively…
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Factor Determining Supply or Supply Function
Price of the commodity: When the price of a commodity in the market rises, seller increases…
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Elasticity of Demand
Whenever a policy maker wishes to examine the sensitivity of change in quantity demanded due…
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Unit Trust of India (UTI)
Under the Unit Trust Act, 1963, the Unit Trust of India was set up on…
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Industrial Reconstruction Bank of India (IRBI)
About: (i) Industrial Reconstruction Corporation of India (IRCI) was established to provide financial assistance as well…
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State Financial Corporations (SFC)
About: v SFC was established in 1951 after three years of the establishment of IFCI. v SFCs…
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CENTRAL BANK
Central Bank may be defined as an institution charged with the responsibility of managing the…
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Credit Creation by Commercial Bank
• A commercial bank is called a dealer of credit. • It can create credit i.e. can…