Equilibrium, Equilibrium is explained as follows: Equilibrium is the st...

Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s

Define the adoption of economic institutional arrangement, Define the adopt...

Define the adoption of economic institutional arrangement in analytical frameworks. Adoption of Economic Institutional Arrangement: The third step for studying an economi

Cost function, how do minimum unit costs change with changes in fixed cost?...

how do minimum unit costs change with changes in fixed cost?

Average cost curve, Why short run average cost curve is ‘U’ shaped

Why short run average cost curve is ‘U’ shaped

What is joint stock, Q. What is Joint Stock? Joint Stock: A form of bus...

Q. What is Joint Stock? Joint Stock: A form of business in which company's assets are jointly divided among a large number of different individual owners, each of whom owns a s

International trade, how might opportunity cost help to explain the pattern...

how might opportunity cost help to explain the pattern of international trade?

Narrow concept of pure economics, concept of narrowness in pure economics

concept of narrowness in pure economics

Depreciation, Depreciation: This signifies the loss of value from an existi...

Depreciation: This signifies the loss of value from an existing stock of real capital (for an individual company or for whole economy), reflecting normal wear-and-tear of machinery

Choosing inputs to minimize cost, Choosing Inputs  How to minimize ...

Choosing Inputs  How to minimize cost for the given level of output. We can do so by combining Isocosts with Isoquants                              Producing a

Difference between static and dynamic multiplier,