Economics

Concept of Utility, Total Utility and Marginal Utility

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 In this article we will discuss about Concept of Utility, Total utility and marginal Utility.   UTILITY Utility means satisfying power of a commodity and consumer get satisfaction by consumption of goods and services. In other words utility means usefulness of goods and services for the satisfaction of human wants and it depends upon the […]

Economics

Concept of Supply : Introduction, Definitions, Determinants, Law of supply with diagram and assumptions

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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. Concept of Supply : Introduction, Definitions, Determinants, Law of supply with diagram and […]

Economics

Methods for Calculation of National Income

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In this article we will study Methods for Calculation of National Income.. We will discuss different formulae of Calculation of National income Methods for Calculation of National Income Formulae for calculation of  National Income : 1). Net Indirect Taxes = Market Price – Factor Cost. 2). Depreciation = Gross value – Net value. 3). Net factor income […]

Economics

Theory of Demand and Law of Demand

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In this article we will study Theory of Demand and Law of Demand. we will discuss about Market Demand, meaning of demand, relation of demand  and price and also discuss about factors which affect market demand. In economics,Demand refers to  the desire of the people to buy a commodity backed by willingness and ability to […]

Economics

Economics, Economy and Central Problems of Economy

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In this article we will study Economics, Economy and Central Problems of Economy. We will discuss about our economy, its meaning and some basic concept of economy and also study that how economy problems are arises and how to overcome with these problems. Now we will discuss what economy means ? Economics, Economy and Central Problems […]

Economics

Some basic Concept of Macroeconomics and Aggregates of economy

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In this article we will discuss about Some basic concept of macroeconomics and aggregates of economics,  types of goods produced in economy and classification of consumer goods. Some basic concept of macroeconomics and aggregates of economics Macroeconomics is that economy in which we study aggregates of economic system. Aggregates of economic means those variables which represent […]

Economics

Money and Supply of money & Drawbacks of Barter System

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In this article we will study Money and Supply of Money. we will discuss the meaning of money and its evolution, Barter system with drawbacks and also the supply of Money and How it works. Meaning and Evolution of Money : Money is a thing which is commonly accepted as medium of exchange, it is only […]