Cost and Revenue Analysis : Basic Concept of Cost of Production Economics notes Class 11 -12
Basic Concepts of Cost of Production: Money Cost / Accounting Cost / Explicit Cost: Money cost refers to money […]
Cost and Revenue Analysis
Law of Returns
Law of Returns to Scale : Variation of Output in the Long Run
Law of Returns to Scale In the long run all factors of production are variable as
Law of Returns
Law of Variable Proportion : Law of Returns
Law of Variable Proportions: Law of variable proportion is an extension of an another law – Law of
Law of Returns
Law of Returns : Returns to a Factor : Total Product, Average Product and Marginal product
Production : “The act of making goods and services and thereby adding utility
Market Mechanism
Maximum Price Legislation Vs. Minimum Price Legislation
Price Control: Price control is a regulatory mechanism used by government to achieve the social economic goals of
Market Mechanism
Importance of Time Element :Determination of Price in a Competitive Market
Importance of Time Element The price of a commodity is determined at a point where demand is
Market Mechanism
Market Mechanism : Determination of Equilibrium Price and Quantity – Special Cases of Equilibrium
Special Cases of Equilibrium We have studied the effect of change in demand and supply on
Market Mechanism
Effect of Change in Demand and Supply on the Equilibrium Price : Economics Notes Class 12
Effect of Shift in Demand and Supply on The Equilibrium Price: The market is said to be
Supply
Measurement of Price Elasticity of Supply : percentage method and Point / Geometric Methid
Measurements of Price Elasticity of Supply: We know that supply of a commodity is directly related to the
Market Mechanism
Market Mechanism : Equilibrium Price and Quantity in competitive market : Economics notes class 11 -12
Equilibrium Price and Quantity in a Competitive Market Equilibrium The term equilibrium means the state of balance.