Micro Economics
Micro economics is the study of small part of component of the whole economy. Micro economics is called the price theory. It’s explained its composition,…
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Scale of Production
The scale of production has important bearing on the cost of the production. It is manufactures common experience that larger the scale of production, the…
Disadvantage of large-scale production
Large –scale production is not without is disadvantages. Some of these disadvantages are: Over-worked management: A large-scale producer cannot pay off that you can think…
Advantage of Large scale production
Efficient use of capital equipment: There is large scope for use of machinery, which results in lower costs. A Large producer can install an up-to-…
Business Organizations
There are basically three types of business organizations Sole-proprietorship Partnership Joint stock company Sole-proprietorship: When a business is owned and managed by a individual or…
Partnership
Partnership is the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting…
Difference B/W Private Limited Company And Public Limited Company
Private limited company Minimum No: are 7 and maximum have no restriction The company can not start business after registration unless and until it get…
JOINT STOCK COMPANY
Association consisting of more than ten person formed for carrying on a banking business and any association consisting of more than 20 person formed for…
Utility
Utility is the capacity of commodity to satisfy human wants. Measure of utility It is the fact of common experience that the utility of all…
Basic Assumption of marginal utility analysis
Cardinal Measurement of utility Marginal utility analysis assumes in the first place that utility can be measured by assigning definite numbers such as 1,2,3,4, e.t.c….