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Economics 12 Notes

Economics XII Notes

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Importance of the law of diminishing marginal utility

Importance of the law of diminishing marginal utility

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1 min read
Negative income elasticity of demand

Negative income elasticity of demand

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1 min read
Economics XII: Meaning of Revenue

Economics XII: Meaning of Revenue

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1 min read
Law of Demand

Law of Demand

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4 min read
Risk theory of profit

Risk theory of profit

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1 min read
Meaning of Bank

Meaning of Bank

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1 min read
Concept of revenue

Concept of revenue

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1 min read
Meaning of international trade

Meaning of international trade

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1 min read
Limitations (Criticisms) of Optimum Theory

Limitations (Criticisms) of Optimum Theory

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1 min read
Balance of trade

Balance of trade

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1 min read
Concept of money market

Concept of money market

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1 min read
Value of money

Value of money

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2 min read
Theory of product pricing

Theory of product pricing

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2 min read
Negative cross elasticity of demand

Negative cross elasticity of demand

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1 min read
Perfect Competition Market

Perfect Competition Market

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3 min read
Meaning of Demand

Meaning of Demand

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2 min read
Deflation

Deflation

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1 min read
Difference between Money and Capital Market

Difference between Money and Capital Market

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1 min read
Income elasticity of demand greater than one

Income elasticity of demand greater than one

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1 min read
Protectionism

Protectionism

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4 min read
Monopoly Market

Monopoly Market

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2 min read
Cross elasticity of demand

Cross elasticity of demand

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1 min read
Concepts of Utility

Concepts of Utility

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2 min read
Features of market economy

Features of market economy

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1 min read
Factors of production

Factors of production

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1 min read
Meaning of Production

Meaning of Production

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1 min read
Importance of concept of Consumers’ Surplus

Importance of concept of Consumers’ Surplus

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1 min read
Determinants of supply

Determinants of supply

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1 min read
Exceptions/ Limitations of the law of substitution

Exceptions/ Limitations of the law of substitution

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2 min read
Quantity theory of money

Quantity theory of money

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3 min read
Types of Bank

Types of Bank

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2 min read
Application of Law of diminishing return especially in agriculture

Application of Law of diminishing return especially in agriculture

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1 min read
Balance of payment

Balance of payment

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3 min read
Concept of short run cost

Concept of short run cost

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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
Positive cross elasticity of substitute goods

Positive cross elasticity of substitute goods

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1 min read
Weighted price index

Weighted price index

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3 min read
Movement Along Supply Curve

Movement Along Supply Curve

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2 min read
Economics XII: Meaning

Economics XII: Meaning

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1 min read
Concept of production

Concept of production

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1 min read
The Laws of returns to scale

The Laws of returns to scale

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2 min read
Sole trading concern

Sole trading concern

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3 min read
Demand curve

Demand curve

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3 min read
Land

Land

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1 min read
Labor division

Labor division

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2 min read
Income Elasticity of demand

Income Elasticity of demand

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1 min read
Wage

Wage

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3 min read
Malthusian theory of population

Malthusian theory of population

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3 min read
Derivation of TR, AR and MR curves under the perfect competition market

Derivation of TR, AR and MR curves under the perfect competition market

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2 min read
Perfectly inelastic demand

Perfectly inelastic demand

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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
Functions of commercial banks

Functions of commercial banks

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3 min read
Price index number

Price index number

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1 min read
Uncertainty theory of profit

Uncertainty theory of profit

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2 min read
Long Run Cost

Long Run Cost

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1 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
Simple price index number

Simple price index number

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2 min read
Economics XII: Meaning

Economics XII: Meaning

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1 min read
Price elasticity of demand

Price elasticity of demand

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1 min read
Law of variable production

Law of variable production

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4 min read
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