Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Cobb-Douglas Production...
In economics, a production function is an equation that describes the relationship between input and output, or what goes into making a certain product, and a Cobb-Douglas production function is a specific...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Long Run...
The long run cost curve of a firm is sometimes called an 'envelope' curve as it envelopes all the short run average cost curves. Consider the different ways that capital intensive...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Short run...
The Short-run Cost is the cost which has short-term implications in the production process, i.e. these are used over a short range of output. These are the cost incurred once and cannot be...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Fiscal Reforms
Fiscal Reforms
A key element in the stabilization effort was to restore fiscal discipline. It means reduction of fiscal deficit to the extent of just 3% of GDP, as suggested by Fund...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Meaning of...
Liberalisation, privatisation and globalisation are interrelated terms that are most often used together, since when one occurs, the other two occur in tandem with it.
Liberalisation: Governments of different countries have different trading...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Theories of...
There are various theories of profit which have been advanced from time to time regarding the nature of profit in a competitive economy. Almost all of them differ basically from one...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Theories...
There are various theories which have been put forward from time to time as to why the interest is paid. The most important theories are:
(1) Productivity Theory of Interest.
(2) Abstinence or...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Theories...
Wages are the reward for labour. There are two main kinds of wages. (1) money wages and (2) real wages. Money wages are also known as nominal wages. Real wages refer...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Oligopoly...
Oligopoly refers to a small number of bidding products. The word is derived from Greek and is formed by two different concepts: oligo meaning "few" and polio meaning "seller". In this...
