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Economics 12 Notes

Economics XII Notes

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Application of Law of diminishing return especially in agriculture

Application of Law of diminishing return especially in agriculture

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Inflation

Inflation

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Meaning of international trade

Meaning of international trade

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Meaning of Bank

Meaning of Bank

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Functions of commercial banks

Functions of commercial banks

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3 min read
Uncertainty theory of profit

Uncertainty theory of profit

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2 min read
Wage

Wage

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Supply

Supply

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Determinants of supply

Determinants of supply

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Meaning of Demand

Meaning of Demand

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Law of Supply

Law of Supply

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Equilibrium

Equilibrium

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Free trade

Free trade

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Exceptions/ Limitations of the law of substitution

Exceptions/ Limitations of the law of substitution

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Concept of market economy

Concept of market economy

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Supply of capital

Supply of capital

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Stages of population

Stages of population

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Role of international trade

Role of international trade

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Interest

Interest

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Zero income elasticity of demand

Zero income elasticity of demand

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Importance of concept of Consumers’ Surplus

Importance of concept of Consumers’ Surplus

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Wage fund theory of wage

Wage fund theory of wage

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Determinants of demand

Determinants of demand

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Role of Bank

Role of Bank

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Income elasticity of demand greater than one

Income elasticity of demand greater than one

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Factors determining the elasticity of Demand

Factors determining the elasticity of Demand

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Types of Bank

Types of Bank

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Subsistence theory of wage

Subsistence theory of wage

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Rent

Rent

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4 min read
Relatively inelastic demand

Relatively inelastic demand

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Law of variable production

Law of variable production

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4 min read
Importance of the law of diminishing marginal utility

Importance of the law of diminishing marginal utility

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Price index number

Price index number

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Barter system

Barter system

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Types of Demand

Types of Demand

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2 min read
Economics XII

Economics XII

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Concepts of short run average cost

Concepts of short run average cost

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Organization

Organization

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Difference between Money and Capital Market

Difference between Money and Capital Market

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Income Elasticity of demand

Income Elasticity of demand

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South Asian free trade agreement

South Asian free trade agreement

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Utility

Utility

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Perfectly elastic demand

Perfectly elastic demand

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Perfectly inelastic demand

Perfectly inelastic demand

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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
Quantity theory of money

Quantity theory of money

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3 min read
Difference between fixed and variable cost

Difference between fixed and variable cost

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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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Perfect Competition Market

Perfect Competition Market

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Features of market economy

Features of market economy

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Concept of short-run total cost curves

Concept of short-run total cost curves

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Land

Land

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Movement Along Demand Curve

Movement Along Demand Curve

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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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Marginal Cost (MC)

Marginal Cost (MC)

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Movement Along Supply Curve

Movement Along Supply Curve

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Economics XII: Meaning of Cost

Economics XII: Meaning of Cost

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Monopoly Market

Monopoly Market

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Concept of short run cost

Concept of short run cost

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