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Economics 12 Notes

Economics XII Notes

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Perfectly elastic demand

Perfectly elastic demand

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1 min read
Functions of commercial banks

Functions of commercial banks

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3 min read
Income elasticity of demand equal to one

Income elasticity of demand equal to one

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1 min read
Profit

Profit

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2 min read
Labor division

Labor division

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2 min read
Negative income elasticity of demand

Negative income elasticity of demand

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1 min read
Concept of short run cost

Concept of short run cost

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1 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
Concept of short-run total cost curves

Concept of short-run total cost curves

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3 min read
Exceptions/ Limitations of the law of substitution

Exceptions/ Limitations of the law of substitution

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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
Equilibrium

Equilibrium

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3 min read
Procedure of construction of price index

Procedure of construction of price index

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2 min read
Balance of trade

Balance of trade

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1 min read
Difference between fixed and variable cost

Difference between fixed and variable cost

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1 min read
Change in Optimum Population

Change in Optimum Population

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2 min read
Concept of money market

Concept of money market

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1 min read
Demand curve

Demand curve

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3 min read
Deflation

Deflation

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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
Supply Curve

Supply Curve

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4 min read
Concepts of short run average cost

Concepts of short run average cost

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1 min read
Rent

Rent

Comments
4 min read
Simple price index number

Simple price index number

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2 min read
Factors determining the elasticity of Demand

Factors determining the elasticity of Demand

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2 min read
Consumer Surplus

Consumer Surplus

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2 min read
Meaning of international trade

Meaning of international trade

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1 min read
Supply

Supply

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1 min read
Unitary elastic demand

Unitary elastic demand

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1 min read
Marginal Cost (MC)

Marginal Cost (MC)

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3 min read
Free trade

Free trade

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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
Barter system

Barter system

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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
Relationship between MC and AC

Relationship between MC and AC

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1 min read
Meaning of Bank

Meaning of Bank

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1 min read
Price elasticity of demand

Price elasticity of demand

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1 min read
Economics XII: Meaning of Cost

Economics XII: Meaning of Cost

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1 min read
Protectionism

Protectionism

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4 min read
Law of variable production

Law of variable production

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4 min read
Value of money

Value of money

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2 min read
Meaning of Production

Meaning of Production

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1 min read
Perfectly inelastic demand

Perfectly inelastic demand

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1 min read
Types of money

Types of money

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3 min read
Role of international trade

Role of international trade

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2 min read
Negative cross elasticity of demand

Negative cross elasticity of demand

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1 min read
Derivation of TR, AR and MR curves under monopoly market

Derivation of TR, AR and MR curves under monopoly market

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3 min read
Income elasticity of demand greater than one

Income elasticity of demand greater than one

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1 min read
World trade organization (WTO)

World trade organization (WTO)

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1 min read
Wage

Wage

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3 min read
Stages of population

Stages of population

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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
Types of Bank

Types of Bank

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2 min read
Role of Bank

Role of Bank

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2 min read
Relatively elastic demand

Relatively elastic demand

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1 min read
Theory of product pricing

Theory of product pricing

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2 min read
Determinants of demand

Determinants of demand

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2 min read
Balance of payment

Balance of payment

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3 min read
Labor

Labor

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3 min read
Economics XII

Economics XII

3
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7 min read
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