Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Law...
The relationship between price and quantity supplied is usually a positive relationship. A rise in price is associated with a rise in quantity supplied.
Definitions
— In the words of Dooley. "The law of supply states...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Iso-quants
An isoquant is a firm’s counterpart of the consumer’s indifference curve. An isoquant is a curve that shows all the combinations of inputs that yield the same level of output. ‘Iso’...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Economies of...
Economies of scale are cost reductions that occur when companies increase production. The fixed costs, like administration, are spread over more units of production. Sometimes the company can negotiate to lower...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Laws of...
Law of Returns to Scale
In the long- run the dichotomy between fixed factor and variable factor ceases. In other words, in the long-run all factors are variable. The law of returns...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :...
The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline. This means...
Economics Notes For SSC CGL / CHSL Exam 2019-20 on : Production Function
The production function is the Technical relationship telling the maximum amount of output capable of being produced by each and every set of specified inputs. It is defined for a given...
Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Features...
The four factors of production are one of the foundations of economic activity. They describe all the inputs or resources that are used in the production of goods and services. The...
Economics Notes For SSC CGL / CHSL Exam 2019-20 on : Diminishing Marginal...
The concept of marginal rate substitution (MRS) was introduced by Dr. J.R. Hicks and Prof. R.G.D. Allen to take the place of the concept of diminishing marginal utility. Allen and Hicks...
ECONOMICS – DEFINITION AND NATURE & SCOPE OF ECONOMICS
General Awareness play a vital role in all Examination. we can expect Questions from different Topics.Here we have given Economics Notes on Definition, scope and nature of Economics for SSC CGL Examinations...
Economics Crash Course from Basic To Advance For UPSC/SSC CGL/CHSL/CPO/BANK/RRB/IBPS/RBI/SBI – Part 5
Indian Economy : Basic To Advance For UPSC/SSC CGL/CHSL/CPO/BANK/RRB/IBPS/RBI/SBI - Part 5
Economics Free Video Classes : Indian Economy by Ramesh Singh. Economics Notes. Economics for UPSC | SSC CGL | State PCS | SSC...
