Distribution of National Income
Distribution of National Income The level of national income is the basic determinant of the market demand for a good. Therefore, the national income higher...
Managerial Economics
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Standard Costs and Budgets
Standard Costs and Budgets: The technique of standard, costing has been developed to establish standards of performance for producing goods and services. These standards serve...
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What is the importance of GNP Measurement?
It shows economic performance though in a too broad /aggregated manner. We measure per capital income level from it i.e. GNP / POP & get...
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Demand Analysis and Forecasting
Demand Analysis and Forecasting A business firm is an economic Organisation, which transforms productive resources into goods that are to be sold in a market....
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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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Diseconomies of Scale and Empirical Evidence
Diseconomies of Scale and Empirical Evidence Large petro-chemical plants achieve economies in both full usage and in utilisation of a wider range of by-products, which...
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What are the failures of GNP as a Measure of Output and Welfare?
It gives economic performance as a whole but does not indicate which sectors contribute more Its growth shows an increase in welfare yet some people...
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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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What are the problems of GNP Measurement?
Some outputs do not go through the market e.g. government output is not sold through the market. Illegal activities also do not go through the...
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Failures of IMF
Fixation of exchange rates: In the matles of fixation of exchange rates, initially and subsequently, the fund allowed a weak and passive policy. It had...
