What is International Business? A person cannot meet all of his requirements using only his available resources. He needs to trade goods and services with… Read More
Category Archives: Class 11
The ‘word’ mode gets its roots from the old French word ‘La Mode’, which means most popular phenomenon, and from the Latin word ‘Modus’, meaning… Read More
E-commerce, also known as Electronic Commerce, refers to the purchase and sale of goods and services through the Internet. The first online transaction occurred in… Read More
What is the Law of Variable Proportions? Imagine that a farmer is cultivating wheat only by using more and more labour in a circumstance where… Read More
What is a Bill of Exchange? A bill of exchange is a written order that one party receives from another requiring them to pay the… Read More
The number and types of firms operating in an industry and the nature and degree of competition in the market for the goods and services… Read More
What are Normal Goods? The goods whose demand increases when there is an increase in the income of consumer are known as Normal Goods. These… Read More
The number and types of firms operating in an industry and the nature and degree of competition in the market for the goods and services… Read More
The number and types of firms operating in an industry and the nature and degree of competition in the market for the goods and services… Read More
Trial Balance is basically a statement having a debit side and a credit side where all the debit balances of journal entries and ledger postings… Read More
Consumers are the ones who make the majority of consumption decisions. A consumer is someone who buys goods and services to fulfil demands. He makes… Read More
Consumers and producers both play a crucial role in the efficient operation of an economy. A producer uses a variety of inputs to create commodities… Read More
What is Consumer’s Equilibrium? The term equilibrium is used frequently in economic analysis. It is a state of rest or a position of no change,… Read More
The extent to which the values of a distribution differ from the average of that distribution is known as Dispersion. The measures of dispersion can… Read More
What are Mail Order Houses? Some goods are made in a specific location, but their customers live far away from the place of their production.… Read More
