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…
Income Elasticity – Concept, Examples, Types and Benefits
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…
Underutilisation Definition, Meaning and Factors
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….
Marginal Analysis Definition – Formula and Applications
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…
Purchasing Power – Definition, Meaning and Influencing Factors
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…
8 Characteristics Of Socialism – Advantages and Disadvantages
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,…
Top 5 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…
12 Characteristics of Capitalism Explained
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…
Top 6 Barriers to Trade within the Country Explained
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…
Arbitrage Price Theory: Importance, Examples, Benefits, & How to use it
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…
26 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…
Demand Management – Importance, Components and Benefits
Demand Management is gauging the demand for a product or service in the future and planning the manufacturing so there wouldn’t be supply and demand…
Economic Integration: Meaning, Types, & Benefits of Economic Integration
The industry works at a different pace in the present times, and there are certain techniques which can be used only in case there is…
Free Trade Zones: Meaning, and Top 5 Benefits of Free Trade Zones
Have you heard about Free Trade Zone? Intrigued about their role in business management? Then In this post, we will learn about the Free Trade…
10 Characteristics Of Perfect Competition
The other name for perfect competition is “Pure Market.” Therefore, before you start reading this article. Let me tell you that perfect competition is a…
