Difference between Market Research and Marketing Research with its comparison chart.

Posted Leave a commentPosted in Economics, Entrepreneurship, Management, Marketing

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 […]

Relationship between Total Revenue, Average Revenue and Marginal Revenue

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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 […]

Law of Diminishing Marginal Utility : Definition, Assumption ,and Exception

Posted Leave a commentPosted in Economics

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 […]

Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility

Posted Leave a commentPosted in Economics

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 […]

Difference between Macroeconomics and Microeconomics with its comparison.

Posted Leave a commentPosted in Economics, Uncategorized

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 […]