Auditory Sensation: Auditory sensation is one of the important sensation for human beings as it provides us the pleasure of enjoying sound. The physical stimulus for auditory sensation is sound waves.
Visual Sensation: Visual sensation is the most important sensation for human beings as it supplies them with the greatest amount of information about the external world. The physical stimulus for visu
Role of price mechanism in full utilization of productive resources in free enterprise economy Explain the role of “Price mechanism” in assuring proper allocation and full utilization of productiv
Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business decision making can be explained as under: 1) Opt
Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of demand for a commodity to the change in any of its determinants like p
Very short questions,Demand and Supply What do you mean by demand? Ans) Demand means the quantity of goods and services which consumers would buy in a market at a given time and price.In order to chan