Commerce

The ridge lines are the locus of points of an iso-quants where the marginal product of factors is zero.

Advertising can be defined as a non personal presentation and promotion of ideas, goods or services paid by an identified sponsor

Profit is the reward to an entrepreneur for the functions he renders in productive activity

The Liquidity Preference Theory says that the demand for money is not to borrow money but the desire to remain liquid.

Quasi rent is the earning of capital equipments such as machineries, buildings etc., which are inelastic in supply, in short run.

Internal economies are caused by factors within the firm. It measures the company efficiency of production

AIDA Model identifies the processes for achieving promotional goals in terms of stages of consumer involvement with the message.

In a Monopoly Market, there is a single seller of a particular product and there is no fierce competition with other sellers.A monopoly…

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 cost…

Price discrimination is a sales strategy that charges a customer different prices for the same product or service based on the belief that…