CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Introduction to Demand Meaning of Demand In ordinary speech, the term demand is many times confused with 'desire' or ‘want’. Desire is only a wish to have any thing. In economics demand means more than mere desire. Demand in economics means an effective desire for a commodity … [Read more...] about CA Foundation Business Economics Study Material – Introduction to Demand
Business Economics
CA Foundation Business Economics Study Material – Nature and Scope of Business Economics
CA Foundation Business Economics Study Material - Nature and Scope of Business Economics Nature of Business Economics The subject matter of Economics is broadly divided into two major parts namely:— Micro-Economics, and Macro-Economics Before dealing with nature of Business Economics, it is necessary to understand the difference between the two. 1. Micro-Economics - … [Read more...] about CA Foundation Business Economics Study Material – Nature and Scope of Business Economics
CA Foundation Business Economics Study Material – Introduction
CA Foundation Business Economics Study Material Chapter 1 Nature and Scope of Business Economics - Introduction WHAT IS ECONOMICS ABOUT? The word ‘Economics’ is derived from the Greek word ‘Oikonomia’ which means household management. Till 19th century, economics was known as ‘Political Economy’. In 1776, Adam Smith published his book entitled “An Inquiry into the Nature … [Read more...] about CA Foundation Business Economics Study Material – Introduction
CA Foundation Business Economics Study Material – Basic Problems of an Economy and Role of Price Mechanism
CA Foundation Business Economics Study Material Chapter 1 Nature and Scope of Business Economics - Basic Problems of an Economy and Role of Price Mechanism Basic Problems of an Economy We know that human wants are unlimited and resources are scarce. The problem of scarcity of resources is not only faced by individuals but also by the society at large. This gives … [Read more...] about CA Foundation Business Economics Study Material – Basic Problems of an Economy and Role of Price Mechanism
CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply
CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply MULTIPLE CHOICE QUESTIONS Law of Demand and Elasticity of Demand 1. Demand in economic sense means- (a) mere desire for a commodity (b) mere ability to pay price of the commodity (c) mere wiling to pay the price of the commodity (d) desire backed by ability and willingness to pay for the … [Read more...] about CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply