Explain the Loanable Funds theory of Interest?
Introduction: Loanable funds theory of interest is an extension of the classical theory of interest the theory was formulated by a Swedish economist wick sell.…
What is Wage Differentials? Explain the causes of Wage Differentials?
Meaning: The term wage differential refers to the wage differences which exist between different occupations or different individuals in the same occupation. For example a…
Explain the concept of Quasi Rent.
Meaning: The concept of quasi rent was first introduced by Marshall. He explained that besides land, other factors also get rent the only difference is…
Briefly explain the Ricardian theory of Rent?
Introduction: In the ordinary language, the term rent means any periodical payment made by a person for the privilege of using an asset belonging to…
Explain the Marginal Productivity theory of Distribution?
Introduction: The concept of marginal productivity theory is the heart of this theory of distribution. David Ricardo and Edward west first developed this concept, later…
Write a note on Life Cycle of a Product.
Introduction: The pricing strategy for a product often evolves throughout its life cycle as it moves through different stages. The stages of life cycle of…
Write a note on Pricing Policy.
Introduction: Pricing policy is nothing but a pricing of a new product. In production of a product, a distinction is made between perishable and non…
What do you mean by Price Discrimination? Explain its Degrees of Discrimination.
Introduction: Generally speaking the monopolist will not change uniform price for all the customers in the market. He will follow different Degrees of Price discrimination…
What is Monopolistic Competition? Explain its features?
Introduction: Professor Chamberlain is the main architect of the theory of monopolistic competition this market exhibition the characteristics of both are competition and monopoly. Since…
What is Oligopoly Market? explain its features?
Meaning of Oligopoly Market: The term oligopoly is deriving from two Greek word Oligo and poly which means few and sells. Under oligopoly we come…
