MARKET The tern market refers not necessary to a place but always to a commodity and…
Category: 11th English Medium
Chapter-11 SUPPLY
SUPPLY supply of a commodity refers to a various quantities of a commodity that the producers…
Chapter- 10 Production’s Equilibrium
Meaning of profit Profit refers to the excess of receipts from the sale of goods over…
Chapter-9 REVENUE
REVENUE Revenue of a firm is its sale receipt or money receipt from the sale of…
Chapter- 8 COST
MEANING OF COST OR PRODUCTION COST Money expenditure incurred by a firm in production of a…
Chapter-7 Production Function
CONCEPT OF PRODUCTION FUNCTION Production function is an expression of the technological relationship between physical inputs…
Chapter-6 Elasticity of Demand
DEFINATION OF ELASTICITY OF DEMAND “The elasticity of demand measures the responsiveness of the quantity demanded…
Chapter- 5 Demand
DEMAND: Demand is the quantity of a commodity that a consumer is willing and able to…