What are the features of Oligopoly?
Few Sellers and Big Number of Buyers Homogenous and Differentiate Product. Mutual Interdependence Lack of Uniformity Advertisement Element of Monopoly Existence of Price Rigidity...
Managerial Economics
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What is economic profit?
Economic profit is the difference between total revenue and total economic cost. Total revenue is measured as the sales receipts of a firm, that is,...
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Managerial Economics And Accounting
Managerial Economics And Accounting Managerial economics is also closely related to accounting, which is concerned with recording the financial operations of a business firm. In...
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What is Capital Rationing Approach?
There are cases of capital limits involving capital rationing. E.g. suppose the firm is unable to borrow enough funds to finance all the investment opportunities...
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Stagflation
Stagflation Inflationary gap occurs when aggregate demands exceed the available supply and deflationary gap occurs when aggregate demand is less than the available supply. These...
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Wiping out Inflationary Gap
Wiping out Inflationary Gap The inflationary gap can be wiped out in various ways. Essentially, it starts with additional expenditure by the government, which in...
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Marketing Economies
Marketing Economies: A large firm can secure economies in its purchasing and sales. It can purchase its requirements in bulk and thereby get better terms....
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Discounting Principle
Discounting Principle One of the fundamental ideas in economics is that a rupee tomorrow is worth less than a rupee today. This seems similar to...
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Functions of Managerial economist
Functions of Managerial economist In the Indian context, a managerial economist is expected to perform the following functions: Macro-forecasting for demand and supply. Production planning...
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Difference Between Managerial Economics And Economics
Difference Between Managerial Economics And Economics The difference between managerial economics and economics can be understood with the help of the following points: Managerial economics...
