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Distribution means to spread the product throughout the marketplace such that a large number of people can buy it. Distribution can make or break a…

The Production  used to change unmistakable inputs (crude materials, semi-completed merchandise, subassemblies) and immaterial inputs (thoughts, data, learning) into products or administrations. Assets are utilized…

Theory in Price of Production Karl Marx’s defined as “cost-price + average profit”. It refers to the price levels at which newly produced goods and…

Marx himself considered his Theory of Surplus-Value his most important contribution to the progress of economic analysis. It is through this theory that the wide…

The cost of funds used for financing a business. It refers to the opportunity cost of making a specific investment. It is the rate of…

Value added is the enhancement a company gives its product or service before offering the product to customers. Value added is used to describe instances…

Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed…

Excess Demand is a situation where demand for a product or service exceeds the available supply. Possible causes of a excess demand include miscalculation of…

Principle objective of this lecture is to focus on Atoms, Molecules and Ions. By Dalton’s theory; Elements are composed of extremely small particles called atoms. All…

Consumer choice theory is a way of analyzing how consumers may achieve equilibrium between preferences and expenditures. It also helps us to understand how individuals’…

Supply and demand form the most fundamental concepts of economics. Supply means how many of a certain item are available. Demand means how much people…

Perfect competition is a market structure. Perfect competition is the opposite of a monopoly, in which only a single firm supplies a particular good or…