Economics

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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...

Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Economies of Scale

Economies of scale are cost reductions that occur when companies increase production. The fixed costs, like administration, are spread over more units of production....

Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on :Laws of Returns to Scale

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...

Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Law of Variable Proportions

The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of...

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...

Economics Notes For SSC CGL / CHSL /RBI /SBI Exam 2019-20 on : Features of the Factors of Production

The four factors of production are one of the foundations of economic activity. They describe all the inputs or resources that are used in...

Economics Notes For SSC CGL / CHSL Exam 2019-20 on : Diminishing Marginal Rate of Substitution

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...

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...
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