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Home » Economics » Page 9

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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Managing supply and demand

December 27, 2017 By Hitesh Bhasin Tagged With: Economics

Managing supply and demand

One of the hardest tasks of an entrepreneur is to meet the requirements of the market which in other words means managing supply and demand….

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Baumol’s Cost Disease

March 12, 2018 By Hitesh Bhasin Tagged With: Economics

Baumol's cost disease - 2

Baumol’s Cost Disease (also called the Baumol effect) is a phenomenon observed in certain primarily labor intensive industries where there is little or no gain in…

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Price elasticity of demand

January 25, 2020 By Hitesh Bhasin Tagged With: Economics

Price elasticity of demand

The price elasticity of demand is a notion closely related to the notion of Giffen Good (by Robert Giffen) which first appeared in Alfred Marshall’s…

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