Advanced Economics

INFLATION      DEFINITION OF INFLATION              By inflation, in ordinary language, we mean a process of raising prices . A situ...

MERITS OF PERFECT COMPETITION                   i.             OPTIMUM USE OF RESOURCES: The producer can attain a least cost combin...

IMPERFECT COMPETITION               The main reason for competition to prevail in the market is to achieve an optimum price in favor ...

KINDS OF MARKETS ACCORDING TO COMPETITION       (A) PERFECT COMPETITION       (B) IMPERFECT COMPETITION (A) PERFECT COMPETI...

KINDS OF MARKET ACCORDING TO COMMODITIES This market deals with various commodities which we shall mention in the following sub-headi...

DIFFERENT KINDS OF MARKET         Generally market can be divided into four types. These kinds of markets are according to the follow...

MARKET WHAT DO WE UNDERSTAND NY THE TERM MARKET?               Economists have defined market as an area where buyers and sellers, com...