CA Foundation Business Economics Study Material Chapter 4 Price Determination in Different Markets - Determination of Prices Determination of Equilibrium Price We know that law of demand reveals, if other conditions remain unchanged, more quantity of a commodity is demanded in the market at a lower price and less quantity is demanded at a higher price. Therefore, demand … [Read more...] about CA Foundation Business Economics Study Material – Determination of Prices
CA Foundation Study Material
CA Foundation Business Economics Study Material – Meaning and Types of Markets
CA Foundation Business Economics Study Material Chapter 4 Price Determination in Different Markets - Meaning and Types of Markets MEANING OF MARKET In ordinary language, a market refers to a place where the buyers and sellers of a commodity gather and strike bargains. In economics, however, the term “Market” refers to a market for a commodity. E.g. Cloth market; … [Read more...] about CA Foundation Business Economics Study Material – Meaning and Types of Markets
CA Foundation Business Economics Study Material – Elasticity of Demand
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Elasticity of Demand AUBANK Pivot Point Calculator Elasticity of Demand Elasticity of demand is defined as the responsiveness or sensitiveness of the quantity demanded of a commodity to the changes in any one of the variables on which demand depends. These variables are price … [Read more...] about CA Foundation Business Economics Study Material – Elasticity of Demand
CA Foundation Business Economics Study Material – Demand Forecasting
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Demand Forecasting Demand Forecasting Meaning: Demand forecasting is an estimate of the future market demand for a product. The process of forecasting is based on reliable statistical data of past and present behaviour, trends, etc. Demand forecasting cannot be hundred per cent … [Read more...] about CA Foundation Business Economics Study Material – Demand Forecasting
CA Foundation Business Economics Study Material – Theory of Consumer Behaviour
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Theory of Consumer Behaviour Theory of Consumer Behaviour NATURE OF HUMAN WANTS All wish, desires, tastes and motives of human beings are called wants in Economics. Human wants show some well marked characteristics as follows- Wants are unlimited Particular want is satiable … [Read more...] about CA Foundation Business Economics Study Material – Theory of Consumer Behaviour