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Economics 12 Notes

Economics XII Notes

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Theory of product pricing

Theory of product pricing

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2 min read
Difference between fixed and variable cost

Difference between fixed and variable cost

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1 min read
Income elasticity of demand less than one

Income elasticity of demand less than one

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1 min read
Procedure of construction of price index

Procedure of construction of price index

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2 min read
Concept of market economy

Concept of market economy

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1 min read
Capital

Capital

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2 min read
Land

Land

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1 min read
Law of Demand

Law of Demand

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4 min read
Profit

Profit

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2 min read
Supply Curve

Supply Curve

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4 min read
Balance of trade

Balance of trade

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1 min read
Cross elasticity of demand

Cross elasticity of demand

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1 min read
Weighted price index

Weighted price index

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3 min read
Types of money

Types of money

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3 min read
Consumer Surplus

Consumer Surplus

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2 min read
Factors of production

Factors of production

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1 min read
Factors determining the elasticity of Demand

Factors determining the elasticity of Demand

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2 min read
The law of maximum satisfaction/ The law of equi-marginal utility/ The law of substitution

The law of maximum satisfaction/ The law of equi-marginal utility/ The law of substitution

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3 min read
Wage

Wage

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3 min read
Deflation

Deflation

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1 min read
Concept of short-run total cost curves

Concept of short-run total cost curves

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3 min read
Determinants of supply

Determinants of supply

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1 min read
Rent

Rent

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4 min read
Criticism of Consumers’ Surplus

Criticism of Consumers’ Surplus

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1 min read
Income Elasticity of demand

Income Elasticity of demand

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1 min read
Features of market economy

Features of market economy

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1 min read
Meaning of Bank

Meaning of Bank

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1 min read
Simple price index number

Simple price index number

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2 min read
Supply

Supply

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1 min read
Functions of commercial banks

Functions of commercial banks

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3 min read
Marginal Cost (MC)

Marginal Cost (MC)

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3 min read
Stages of population

Stages of population

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2 min read
Organization

Organization

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1 min read
Economics XII

Economics XII

3
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7 min read
Utility

Utility

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1 min read
Price index number

Price index number

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1 min read
Subsistence theory of wage

Subsistence theory of wage

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2 min read
Exceptions/ Limitations of the law of substitution

Exceptions/ Limitations of the law of substitution

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2 min read
Sole trading concern

Sole trading concern

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3 min read
The Law of diminishing marginal utility

The Law of diminishing marginal utility

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2 min read
Movement Along Supply Curve

Movement Along Supply Curve

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2 min read
Comparative cost theory of international trade

Comparative cost theory of international trade

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4 min read
Concept of short run cost

Concept of short run cost

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1 min read
Concept of production

Concept of production

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1 min read
Negative income elasticity of demand

Negative income elasticity of demand

Comments
1 min read
Economics XII: Meaning in Factor Prices

Economics XII: Meaning in Factor Prices

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1 min read
Concepts of short run average cost

Concepts of short run average cost

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1 min read
Economics XII: Meaning of Cost

Economics XII: Meaning of Cost

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1 min read
Interest

Interest

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3 min read
Inflation

Inflation

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3 min read
Relatively elastic demand

Relatively elastic demand

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1 min read
Role of international trade

Role of international trade

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2 min read
Income elasticity of demand greater than one

Income elasticity of demand greater than one

Comments
1 min read
The Laws of returns to scale

The Laws of returns to scale

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2 min read
Risk theory of profit

Risk theory of profit

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1 min read
Concept of money market

Concept of money market

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1 min read
Importance of the law of diminishing marginal utility

Importance of the law of diminishing marginal utility

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1 min read
Concepts of Utility

Concepts of Utility

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2 min read
Change in Optimum Population

Change in Optimum Population

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2 min read
Malthusian theory of population

Malthusian theory of population

Comments
3 min read
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