Explain the exceptions of law of supply.
Introduction: The law of supply is just opposite of the law of demand where a producer supply more units of a commodity at higher prices and supply less at a lower price given the cost…
What is elasticity of supply? explain the degrees of elasticity of supply.
Introduction: In the ordinary language or term supply and stock conveys the same meaning but in economics the term supply is different from that of stock. The term supply refers to the amount of commodity…
What is elasticity of demand? Explain its types.
Meaning: Elasticity of demand is generally defines as the responsiveness or sensitiveness of demand to a given change in the price of commodity. According to Boulding elasticity of demand measure the responsiveness of demand to…
Write a note on extension and contraction in demand.
Changes in Demand: Changes in demand in economics refer to shifts in the quantity of a good or service that consumers are willing and able to purchase at various prices. These changes can occur due…
Explain the determinants of demand?
Introduction: The term demand is different from desire, want; wish etc. In economics the concept demand has different meaning. Any want or desire will not constitute demand. Demand refers to the total or a given…
Explain the merits and demerits of fixed exchange rate.
Introduction: A fixed exchange rate (also known as a pegged exchange rate) is a system in which a country’s currency value is tied or pegged to another currency, a basket of currencies, or a commodity…
Explain the role and importance of M.N.Cs
Multinational corporations MNC are huge industrial organization which extender industrial and marketing operation over a number of countries. They are also known as transnational corporations, international corporations and global corporations. Multinational corporations may be defined as…
Explain the merits and demerits of F.D.I
Introduction: The capital which come from other countries is called foreign capital almost all country depend upon foreign capital at the beginning of development. Foreign Direct Investment (FDI) refers to the investment made by a…
Explain the objectives and functions of W.T.O.
Introduction: The WTO is a successor to the GATT, the GATT was forum where the member countries met from time to time to discuss and solved World Trade problem, but WTO is a properly established…
Write a note on history of G.A.T.T
History of G.A.T.T The GATT was a just an international organization having a permanent council of representatives with headquarters at Geneva. Its function was to call international conference to decide on trade liberalization on a…