In a Monopoly Market, there is a single seller of a particular product and there is no fierce competition with other sellers.A…
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Price discrimination is a sales strategy that charges a customer different prices for the same product or service based on the belief…
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Exchange Rate is the value of one country’s currency and another country’s or economic zone’s currency. For example, how much does it…
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Variable Cost is an expense that vary in proportion to the volume of goods or services that a company produces. That is,…
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Fiscal Policy is a government corrective measure to check for uncontrolled economic expansion or contraction. If economic expansion gets out of hand,…
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Production Cost is the overall fee paid for assets used to fabricate merchandise and create offerings, along with uncooked substances and labour,…
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Opportunity cost is the value of the next best alternative that is overlooked. Simply put, it’s the cost of what else you…
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Microeconomics is a field of economics based on the economic behavior of small economic units such as consumers, workers, savers, managers, businesses,…
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Economics deals in social technology associated with the manufacturing, distribution and intake of products and services. We are reading how people, companies,…
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Macroeconomics is a department of economics that researches how the whole financial system (markets or different structures that feature on a huge…
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Prime Minister The head of the Executive is the Prime Minister of the Country, the energy conferred on the President is consultative…
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a) Governor is a state constitutionally strict person. b) He appoints a majority party leader as the state prime minister. c) He…
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Chief Minister’s authority and function: The provincial Chief Minister occupies an essential function withinside the sports of the provincial authorities. They are:…
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Case Law are the ones created through legislative bodies, including Congress, at each the federal and country levels. While this form of…
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The functions of Rajya Sabha are as follows: 1. Legislative functions of Rajya Sabha Rajya Sabha does not have the same power…
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The Powers of the President are: 1. Execution right of the President : Firstly all enforcement measures are taken in the name…
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The functions of Lok Sabha are described in the following: 1. Legislation Its legislative powers and functions extend to all subjects on…
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President rule The president’s rule refers back to the suspension of kingdom authorities and the imposition of direct authorities of the Centre.…
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The President’s rule refers back to the suspension of kingdom authorities and the imposition of direct authorities of the Centre. The critical…
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The Article Of Association (AOA) is a report that defines the cause of an organization and specifies the rules for its operations.…
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The powers and functions of Lok Sabha are described in the following: 1. Legislation Lok Sabha’s legislative powers and functions extend to…
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India, also known as Bharat, is a coalition of states.
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The Preamble of the Constitution serves as an introduction to the Constitution. Therefore, it secures justice, liberty, equality to all the citizens…
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Electronic Governance is the integration of information and communication technology (ICT) in all processes . It aims at extending electronic governance and…
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Arbitration , one of a variety of methods collectively referred to as Alternative Dispute Resolution or ADR. This is the traditional way…
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Shares are a unit of ownership of a company that exists in the form of dividends, if any, as a financial asset…
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The Fundamental Duties defines as the moral duty of all citizens to promote the spirit of patriotism and help maintain the unity…
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A Partnership is a type of business in which a formal agreement is reached between two or more people who agree to…
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Memorandum of Association is a legal document that must be submitted to the company’s registration body at time of establishment. This is…
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The Constitution of India stipulates specific Directive Principle of State Policy, which is the basis of national governance. Since these principles constitute…
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