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Home » Economics » Page 7

What is Demand Analysis?

June 6, 2018 By Hitesh Bhasin Tagged With: Economics

In economics, demand is described as “desire backed by adequate purchasing power”. It is defined as the amount of a commodity which a consumer is…

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Income Effect

April 24, 2018 By Hitesh Bhasin Tagged With: Economics

Income Effect - 4

A consumer’s buying behavior is shaped by many parameters like his tastes and preferences, income levels, the price level in the economy, prices of substitutes…

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Balance Of Payments – Meaning, Types and Importance

September 29, 2021 By Hitesh Bhasin Tagged With: Economics

Balance of Payments - 3

Balance of payments is the statement maintained by countries, which enlists all the monetary transactions made in a fixed period between the country and the…

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The Law of Diminishing Marginal Utility Explained

July 22, 2020 By Hitesh Bhasin Tagged With: Economics

Diminishing Marginal Utility - 4

Law of Diminishing Marginal Utility comes under the purview of Macroeconomics, a branch of economics that deals with the economic behavior of individual variables such…

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Abnormal profit explained

April 14, 2018 By Hitesh Bhasin Tagged With: Economics

Abnormal Profit - 3

Everyone is after money and want to increase their bank balance. Multiple companies are running every second of twenty-four hours at the national and international…

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The Market Demand Curve

January 2, 2020 By Hitesh Bhasin Tagged With: Economics

Market Demand Curve

The market demand is always varying due to various factors. One factor can be production and product availability. Another factor can be the price of…

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Cyclical Unemployment – Definition, Causes, and Solution

July 22, 2020 By Hitesh Bhasin Tagged With: Economics

Cyclical Unemployment

Definition The loss of jobs by workers as a result of downturns occurring in the business cycle is known as cyclical unemployment. Alternatively, you define…

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Consumer Surplus – Explanation and Its Formula

July 24, 2020 By Hitesh Bhasin Tagged With: Economics

Consumer Surplus 1

Consumer surplus comes about when there is a difference between the value of the commodity to be purchased and its value. Consumer surplus can, therefore,…

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Bounded Rationality in organization decision making

May 2, 2018 By Hitesh Bhasin Tagged With: Economics

Bounded rationality

Corporate management is a responsibility that comes with a lot of challenges. Managers are often required to attend to issues and difficulties that need resolutions,…

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Adverse Selection

March 12, 2018 By Hitesh Bhasin Tagged With: Economics

Adverse selection - 2

If I have to explain Adverse selection, i will take the simple example of College life. Many times in college life, our parents might say,…

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Complexity theory of businesses – What is complexity theory?

May 2, 2018 By Hitesh Bhasin Tagged With: Economics

Business tutorials

Complexity theory was proposed by researchers who tried to rationalize and explain the behavior of large and complex systems, as it was believed that they…

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Different Types of Demand

February 28, 2020 By Hitesh Bhasin Tagged With: Economics

different Types of demand product

Demand forecasting is an essential activity in sales and marketing. The demand forecasting has to be done so that the company does not store huge…

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Accelerator principle

May 3, 2021 By Hitesh Bhasin Tagged With: Economics

Accelerator principle

The accelerator principle is also known as accelerator effect or acceleration principle. It can be described as an economic concept that defines the association between…

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Absolute cost advantage

November 29, 2019 By Hitesh Bhasin Tagged With: Economics

Cost advantage

As a firm, there are a lot of things that need to be done to ensure that you maintain a competitive advantage in the market….

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Economies of Scale

April 17, 2019 By Hitesh Bhasin Tagged With: Economics

Economies of scale

Economies of scale is a concept which leads to reduction of costs when a company expands its production. The cost is reduced because fixed costs…

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