Equity theory
Refers to individuals subjective judgment about the equity or fairness of the reward they receive in relation to their inputs ( which include factors such…
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Power And Authority
POWER : To make the people behave or want to make them behave . Authority : Legitimate power, position power . Types Of Power :…
Delegation of Authority
Top Level management cant personally perform all the tasks needed to achieve their goals ,they must use the chain of command to distribute authority among…
Centralization and Decentralization
Although top managers distribute some authority for decision and actions through out the vertical organization they also retain a certain amount of authority . Centralization…
PRICE ELASTICITY OF DEMAND
The Degree of Co. relation between demand and price is called elasticity. Types of elasticity of demand. Price Elasticity. Income Elasticity. Substitution Elasticity. Cross Elasticity….
Demand
It means the quantity of commodities that will be bought at a particular price and not merely desire for it. Law of Demand:- A rise…
Define and explain the Economics with the Views of different economists?
“A social science concerned with proper uses and allocation of resources for the achievement and maintenance of growth with stability” Or “It is an art…
Major Economic Problems
Meaning of economic problem: In view of scarcity means at our disposal and multiplicity of ends we seek to achieve, the economic problem lies in…
Micro and Macro Economics
The study of economics is divided into two parts. Micro Economics Macro Economics Micro economics: The word micro means a millionth part. Microeconomics is the…
Macro Economics
Macro economics is the study and analysis of economic system as a whole Macro economics is called income theory. It explains the level of total…