Difference between MEC and MEI| Macroeconomics

Difference between Marginal Efficiency of Capital (MEC) and Marginal Efficiency of Investment( MEI)| Macroeconomics Marginal Efficiency of Capital(MEC)  is the rate of discount which makes the discounted present value of expected income stream equal to the cost of capital.MEC was first introduced by J.M Keynes in 1936.According to him it is an important determinant of […]

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Characteristics Of Marriage | Fundamentals Of Sociology

Characteristics Of Marriage | Fundamentals Of Sociology Marriage is a physical,legal and moral union between man and woman in complete community life for the establishment of a family.The emergence of marriage was to regulate and control the sex life of man especially after the end of sex communism in the early stage of human social […]

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Role of price mechanism in full utilization of productive resources in free enterprise economy

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 productive resources in free enterprise economy. Ans) Price mechanism refers to the process of price determination by the interaction between demand and supply forces without any external […]

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ASTYAGES REVENGE | Four Levels | Adventures In English Vol I

ASTYAGES REVENGE Author:Herodotus LITERAL COMPREHESION: Astyages, the king of medes saw in his dream  that his daughter’s urine flooded the whole Asia. Then she was married to a Persian. Again the king in his dream saw that out of his daughter’s private part, t grew a vine covering all Asia. After consulting the dream interpreter, […]

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