Money supply refers to the amount of money which is in circulation in an economy at any given time

Business economic consists of the use of economic modes of thought to analyse business situations

Law of supply states that all factors being constant, seller supply more in the rising price and supply less when the price decreases.

Breakeven point is where the company neither make money nor losses money, but covers all the cost incurred

Economics is a science that deals with the production, exchange and consumption of various goods in the economic system.

Consumer surplus is the difference between price consumers pay and what they would be willing to pay

Demand refers to desire of a consumer to purchase goods and services and ability to pay a price for the goods and services purchased.

Total internal reflection is the complete reflection of a ray of light within the medium.

First posulate of Special theory of relativity is “The laws of physics take the same form in all inertial frames”.

Most solid materials show elastic behaviour to a lesser or greater extent.

Plasticity is the property of the material by virtue of which it does not regain its original shape when applied force is removed.

Quantum mechanics is dealing with the behaviour of matter and light on the atomic and subatomic level.

Undergoing deformation following two terms describe the forces on objects. Stress and strain.

The laser light exhibits some peculiar properties compared with the conventional light which make it unique.

Lorentz transformation gives the relationship between two different coordinate frames moving at a constant velocity w.r.t. to each other.

According to the De-Broglie concept, with each moving particle a wave is associated.

The wave function contains all the information about the particle. It is not an observable quantity.

Walter Meissner and Robert Ochsenfeld discovered a magnetic phenomenon in 1933. He studied and give the Meissner effect.

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