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Home » Economics » Page 3

Scalability | Characteristics and Features of a Scalable Business

December 12, 2020 By Hitesh Bhasin Tagged With: Economics

Scalability

Scalability is the ability to be changed, increased, or expanded in size, efficiency, or scale at the time of greater operational demands. Scalability can be…

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Capitalism – Principles, History and Characteristics

September 12, 2020 By Hitesh Bhasin Tagged With: Economics

Capitalism

Capitalism is defined as an economic system of a country where the economy of the country is controlled by private companies instead of people. They…

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What is Demand? Definition, Meaning and Determinants

May 30, 2020 By Hitesh Bhasin Tagged With: Economics

Demand

Demand is one of the determining factors of a business as it can affect the expansion of a business and economic growth. Demand is a…

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Meaning and Study of 12 Causes of Inflation

July 25, 2020 By Hitesh Bhasin Tagged With: Economics

Causes of Inflation

Inflation is one term that we come across very often. There are different kinds of increase, such as- cost-push inflation, repressed inflation, open inflation, supply-side…

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Frictional Unemployment – Definition, Causes, Effects and Reduction

March 8, 2020 By Hitesh Bhasin Tagged With: Economics

Frictional unemployment

Unemployment word has a negative connotation. The high unemployment rate implies a weaker economy. However, frictional unemployment is different from other types of unemployment, and…

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Income Elasticity – Concept, Examples, Types and Benefits

March 5, 2020 By Hitesh Bhasin Tagged With: Economics

What is Income Elasticity - 1

In case you want to measure the relationship between the sales of any product or service and variations in consumer income, then Income Elasticity will…

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Underutilisation Definition, Meaning and Factors

February 19, 2020 By Hitesh Bhasin Tagged With: Economics

What is Underutilisation

When full utilisation of the potential/capacity of the workforce and resources essential for optimized growth rate is not being practiced, it is termed as underutilisation….

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Marginal Analysis Definition – Formula and Applications

February 10, 2020 By Hitesh Bhasin Tagged With: Economics

What is Marginal Analysis

Marginal analysis is an essential tool in marketing to decide the next step in the market. It helps the managerial heads to choose for any…

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Purchasing Power – Definition, Meaning and Influencing Factors

June 7, 2021 By Hitesh Bhasin Tagged With: Economics

Factors influencing purchasing power

Definition: Purchasing power is =the financial ability of an individual, or entity to purchase/buy any products or services. The purchasing power of the associated people…

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8 Characteristics Of Socialism – Advantages and Disadvantages

January 2, 2020 By Hitesh Bhasin Tagged With: Economics

Socialism

Socialism is a political as well as economic system in which the distribution and production are owned by society. This is in opposition to capitalism,…

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Top 5 Characteristics of Demand

January 22, 2020 By Hitesh Bhasin Tagged With: Economics

Characteristics of Demand

Supply and demand are two essential terms frequently used in the business world. Demand is one of the most important factors in deciding the success…

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12 Characteristics of Capitalism Explained

January 22, 2020 By Hitesh Bhasin Tagged With: Economics

Characteristics of Capitalism

Capitalism is an economic system that is classified by private ownership of most of the financial decisions rather than government decisions. In capitalism, private entities…

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Top 6 Barriers to Trade within the Country Explained

October 18, 2019 By Hitesh Bhasin Tagged With: Economics

Barriers to Trade

For the growth and development of any nation, it is very important for the free movement of goods from one city to another or one…

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Arbitrage Price Theory: Importance, Examples, Benefits, & How to use it

October 18, 2019 By Hitesh Bhasin Tagged With: Economics

Benefits of Arbitrage Price Theory

Have you ever heard of the term Arbitrage Pricing Theory? It is one of the most common mechanisms which is used by the investors to…

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26 Characteristics Of Democracy

May 10, 2020 By Hitesh Bhasin Tagged With: Economics

Characteristics of Democracy

Democracy is the form of government in which the people of a nation have the power to choose their representatives. So, the characteristics of Democracy…

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