Management

Elasticity of Demand

The elasticity of demand shows the reaction of one variable with respect to the change in other variables on which it is dependent. Thus elasticity is an index of reaction. In […]

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The Law of Demand

Problem of Choice In any choice problem, there is a feasible set of alternatives. The alternatives which are available to the individual constitute this feasible set. The individual is assumed […]

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Types of Plans

Classification of plans is done on the basis of what it seeks and the method in which it is applied. Objectives or Goals: The first step in the planning process […]

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Introduction to Statistics

What is Statistic? Statistics has been defined differently by different authors and each author has assigned new limits to the field which should be included in the scope of statistics Seligman, […]

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Balance of Payments

Balance of payments (BoP) is an account statement which holds the summation of all international transactions a country has had with other nations. It gives an idea about country’s performance in […]

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