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# economicsnotes

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Definition of money

Definition of money

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1 min read
Supply of capital

Supply of capital

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Rent

Rent

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4 min read
Concept of short run cost

Concept of short run cost

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Relationship between MC and AC

Relationship between MC and AC

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Difference between fixed and variable cost

Difference between fixed and variable cost

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Meaning of Production

Meaning of Production

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Concept of short-run total cost curves

Concept of short-run total cost curves

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Concepts of short run average cost

Concepts of short run average cost

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Subsistence theory of wage

Subsistence theory of wage

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Marginal Cost (MC)

Marginal Cost (MC)

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Long Run Cost

Long Run Cost

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Wage

Wage

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Theory of product pricing

Theory of product pricing

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Perfect Competition Market

Perfect Competition Market

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Monopoly Market

Monopoly Market

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Economics XII: Meaning of Revenue

Economics XII: Meaning of Revenue

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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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Concept of revenue

Concept of revenue

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Economics XII: Meaning of Cost

Economics XII: Meaning of Cost

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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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Law of variable production

Law of variable production

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The Laws of returns to scale

The Laws of returns to scale

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Concept of production

Concept of production

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Joint Stock Company

Joint Stock Company

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6 min read
Economics XII: Meaning in Factor Prices

Economics XII: Meaning in Factor Prices

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Partnership firm

Partnership firm

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Sole trading concern

Sole trading concern

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Malthusian theory of population

Malthusian theory of population

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Land

Land

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Factors of production

Factors of production

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Organization

Organization

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Capital

Capital

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Limitations (Criticisms) of Optimum Theory

Limitations (Criticisms) of Optimum Theory

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Change in Optimum Population

Change in Optimum Population

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Stages of population

Stages of population

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Labor

Labor

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Labor division

Labor division

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Criticism of Consumers’ Surplus

Criticism of Consumers’ Surplus

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Exceptions/ Limitations of the law of substitution

Exceptions/ Limitations of the law of substitution

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Importance of concept of Consumers’ Surplus

Importance of concept of Consumers’ Surplus

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Consumer Surplus

Consumer Surplus

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Importance of the law of diminishing marginal utility

Importance of the law of diminishing marginal utility

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Limitation of diminishing marginal utility

Limitation of diminishing marginal utility

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Utility

Utility

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The Law of diminishing marginal utility

The Law of diminishing marginal utility

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Concepts of Utility

Concepts of Utility

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Income elasticity of demand equal to one

Income elasticity of demand equal to one

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Factors determining the elasticity of Demand

Factors determining the elasticity of Demand

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Measurement of price elasticity of demand by total outlay method

Measurement of price elasticity of demand by total outlay method

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Negative cross elasticity of demand

Negative cross elasticity of demand

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Positive cross elasticity of substitute goods

Positive cross elasticity of substitute goods

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Cross elasticity of demand

Cross elasticity of demand

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Negative income elasticity of demand

Negative income elasticity of demand

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Zero income elasticity of demand

Zero income elasticity of demand

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Income elasticity of demand less than one

Income elasticity of demand less than one

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Relatively elastic demand

Relatively elastic demand

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Economics XII: Meaning

Economics XII: Meaning

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Price elasticity of demand

Price elasticity of demand

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Perfectly elastic demand

Perfectly elastic demand

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