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Plastid Definition Plastid is an organelle found in the cells of plants, green algae, red algae, and certain other protists. Like mitochondria, plastids have an…

Sales Value Added Tax Value added tax in short known as VAT. A value added tax (VAT) is a consumption tax added to a product’s…

Determining Percentage Percent means “for every 100” or “out of 100.” The (%) symbol as a quick way to write a fraction with a denominator…

Neodymium Definition Neodymium is a shiny, silvery metallic element of the lanthanide series. It is present in significant quantities in the ore minerals monazite and…

Concept of Elasticity of Demand The concept of elasticity of demand was first introduced by the classical economists Cournot and J.S Mill. Later on, new…

Cyanobacteria Definition Cyanobacteria are any of a phylum of photosynthetic bacteria that live in water or damp soil and were once thought to be plants.…

Comparing Decimal Numbers If there are two decimal numbers we can compare them. One number is either greater than, less than or equal to the…

Paranoia Definition Paranoia is a psychotic disorder characterized by systematized delusions, especially of persecution or grandeur, in the absence of other personality disorders. It is…

Types of Price Elasticity of Demand Price elasticity of demand is a term in economics often used when discussing price sensitivity. In other words, the…

Scheelite Definition Scheelite is a white, brownish, or greenish mineral, usually fluorescent, consisting of calcium tungstate in tetragonal crystalline form with some tungsten often replaced…

Schizophrenia Definition Schizophrenia is an illness affecting the brain and rooted within the biological functions of the brain cells. The word schizophrenia literally means a…

Concept of Price Elasticity of Demand The price elasticity of demand measures the degree of responsiveness of quantity demanded for a certain commodity to the…