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…

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 is the capacity of commodity to satisfy human wants. Measure of utility It is the fact of common experience that the utility of all…

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….

It is defined as the change in the total utility resulting form a one unit change in the consumption of commodity per unit of time….

Satisfactions of human wants follow some very important laws and one of them in the law of diminishing marginal utility. The law refers to the…

Culture The set of basic values, perceptions, wants, and behavior learned by a member of society from family and other important institution. Subculture A group…

Advantage of this law is that the consumer is able to derive maximum satisfaction from given resources The consumer can apply this law in Spending…

Maximum satisfaction out of the expenditure of a given sum can be obtained if the utility derived from the last unit of money spent on…

There are certain things wish contribute to production. They are therefore, called factors of production. The factors of production are chiefly two: The personal exertion…