Difference between firm and industry equilibrium
Firm Industry 1) Firm is an unit of an industry. 1) Industry is a group of firm which are producing a homogeneous products. 2)...
Managerial Economics
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Four phases of trade cycle
Expansion : This is the main and important phase in business. Under this phase a business man can gain more profit. Hence it can be...
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Why is the short-run-Average cost curve ‘U’ – Shaped ?
The short-run-average cost is always in U-shape. In the other words it falls downward initially and reached on its minimum point. After that it begins...
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Decision-Making And Forward Planning
Decision-Making And Forward Planning The chief function of a management executive in a business firm is decision-making and forward planning. Decision-making refers to the process...
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Need for Foreign Exchange
Meaning: The term ‘foreign exchange’ is, generally used to refer to foreign currencies. But the foreign exchange is also used to refer to the mechanism...
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Reasons for the People to Acquire Foreign Country
Reasons for the People to Acquire Foreign Country: I. To purchase goods and services from for other countries II. To purchase financial assets in foreign...
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Meaning and Significance of Foreign Exchange Rate
Meaning of Foreign Exchange Rate: The rate at which the currency of one country is exchanged for the currency of another country is called...
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Protectionist policy
Protectionist policy refer to that trade policy or commercial policy of international trade under which there will be deliberate imposition of restrictions on the movements...
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Functions of IMF
Granting of Loans of its Financial Resources: The fund can use its resources for granting loans to member contrives. A member country facing a temporary...
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Objectives of the I.M.F.
The international economic and monetary conference at Beetton Woods in New Hampshire in the U.S.A. at July 1944. At the conference, the ‘Keynes’ plan were...
