Economics
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Rent Theory of Profit And Its Criticism
The Rent Theory of Profit was first introduced by Senior and Mill. Later this theory was developed by the American…
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Difference Between Gross Profit And Net Profit In Economics
Meaning : Profit is the reward for the services of the organizer. Â It is the residual income which is equal…
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8 Theories Of Business Cycles | Causes of Business Cycles
Several theories were offered to explain the causes of business cycles. The following are some of them 1. Climatic theory:…
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Characteristics And Phases Of Business Cycle
During the past hundred years if we study conditions of trade, we find ups and downs in the level of…
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Howtrey’s Monetary Theory Of Trade Cycle And Its Limitations
Howtrey’s Monetary Theory Of Trade Cycle: Prof. Hawtrey regards business cycle as purely a monetary phenomenon. According to him the…
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What Are The Measures To Control Business Cycles
Business cycles are very harmful to the economy because they create economic fluctuations. During the period of prosperity, prices rise,…
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What Are The Consequences Of Business Cycles
Business firms are affected differently by business cycles based on the nature of their business. For the economy as a…
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Relationship Between Marginal Cost And Average Total Cost
Marginal cost and average cost are two important types of costs incurred by a firm in production process. The Marginal…
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Influence Of Fixed And Variable Costs On Average Total Costs
Influence of fixed and variable costs on average total costs: Total cost is the aggregate of fixed costs and variable…
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Difference Between Fixed Cost And Variable Cost With Example
Cost of production implies the expenses involved in producing a commodity. Cost of production influences the price determination of commodity.…
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