Role of price mechanism

Role of price mechanism in full utilization of productive resources in free enterprise economy Explain the role of “Price mechanism”

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Microeconomics- Business Decision making

Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business

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Cardinal Utility Approach

Cardinal Utility Approach Very Short Questions Define utility. Ans) Utility is defined as the wants satisfying capacity of a commodity

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Elasticity

Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of

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Demand and Supply

Very short questions,Demand and Supply What do you mean by demand? Ans) Demand means the quantity of goods and services

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Introduction to Microeconomics

Some very short questions of Introduction to Microeconomics 1)Define an economic theory. Ans) An economic theory is defined as a

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