In this article we will discuss about Difference between Market Research and Marketing Research with its comparison chart. Market Research Market research refers to a process in which information related to market is collected like customer need, market demand, interests, latest fashion, etc. It is a branch of marketing research and it depends on marketing […]
In this article we will discuss about Relationship between Total Revenue, Average Revenue and Marginal Revenue. Also Read : Concept of Revenue and its different types Total, Average and Marginal Revenue. Total Revenue Total revenue means the total income received from the selling of different goods and different prices. TR = AR x Q According to Clower […]
In this article we will discuss about Concept of Revenue and its different types Total, Average and Marginal Revenue. Revenue The term revenue means the profit or income generated from the sales of different goods at different prices. REVENUE = COST + PROFIT According to DOOLEY, “The revenue […]
In this article we will study about Diminishing Marginal Utility. We will also discuss Law of Diminishing Marginal Utility : Definition, Assumption ,and Exception. Law of Diminishing Marginal Utility According to the Law of Diminishing Marginal Utility, Other things remaining same, this law states that when consumer is goes on consuming more and more […]
In this article we will discuss about Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility. Also Read : Concept of Utility, Total Utility and Marginal Utility TOTAL UTILITY Total utility (TU) means total satisfaction obtained from the consumption of all possible units of a commodity. It includes […]
In this article we will discuss about Concept of Utility, Total utility and marginal Utility. UTILITY
In this article we will discuss about Economy and its types, Macroeconomic and Microeconomics and also discuss about Difference between Macroeconomics and Microeconomics with its comparison. Also Read : Concept of Economics and difference between Macroeconomics and Microeconomics. Economics In general we say that , Economics is a branch where analysis of production , distribution […]
In this Article we will discuss about Concept of Supply : Introduction, Definitions, Determinants, Law of supply with diagram and assumptions. We also discuss that why supply is important and study about positive or direct relationship between price and supply in the market.
In this article we will discuss about market, its types or its classification. We will also study Concept of MARKET : Meaning, Definitions, Classification or Types of Market and Importance of Market with advantages and disadvantages.
In this article we will study about Elasticity of demand. If you are looking for the Notes on Elasticity of demand, its menaing importance and classification then read this article. Meaning of Elasticity of Demand: Elasticity of Demand measures the degree change price or other factors have a big effect on the quantity consumers want […]