What is Business?
Business is an economic activity that involves the exchange, purchase, sale, or production of goods and services with a motive to earn profits and satisfy… Read More »What is Business?
Managerial Economics
What is Liberalization?
Liberalization is the precondition for privatization and globalization. It is a broad term that usually refers to fewer government regulations and restrictions, mainly on economic… Read More »What is Liberalization?
Difference between Inflation and Deflation
Deflation Deflation is a decrease in the general price level of goods and services. It occurs when the inflation rate falls below 0%. Inflation reduces… Read More »Difference between Inflation and Deflation
Inflation: Definition and Types
Definition Inflation may be defined as ‘a sustained upward trend in the general level of prices’ and not the price of only one or two… Read More »Inflation: Definition and Types
EIC: What is Economic Industry Company Analysis
EIC Analysis is nothing but Economic Industry Company analysis is an Insecurity selection process, a traditional approach EIC analysis is the abbreviation of economic, industry,… Read More »EIC: What is Economic Industry Company Analysis
Law of Diminishing Marginal Utility
What is Diminishing Marginal Utility : Diminishing Marginal Utility : A German economist Gossen was the first to explain the law. Alfred Marshal gave a precise… Read More »Law of Diminishing Marginal Utility
Role of Business Economist
Role of Business Economist Business Economist plays a vital role in the management of the business. He has to take so many decisions for the… Read More »Role of Business Economist
Difference between Micro Economics and Macro Economics
Micro Economics: Micro economics is a study of particular households, particular firms, particular industries, particular commodities, particular prices etc. Macro Economics: The word Macro is derived from… Read More »Difference between Micro Economics and Macro Economics
Macro Economics
Macro Economics is the study of the economics system as a whole. It studies not individual economics units like the consumer or firm or industry… Read More »Macro Economics
Micro Economics
Micro Economics The word ‘micro’ means a millionth part. Micro economics is therefore the study of small parts of the economy. It studies the economic… Read More »Micro Economics