Search topics

Tuesday, December 6, 2011

Post your doubts and problems?

I am a bit busy these days. So I was unable to update my blog regularly and it will take some more time. So I request you to post your problems. If you need notes on any topic, you can feel comfortable to post in my blog. Thank you!

Wednesday, March 23, 2011

Terms of Trade

Terms of Trade(TOT) is the amount exported in terms of amount imported. It is index number calculated by formula : (Index of Export / Index of Import) * 100.

Tuesday, March 22, 2011


In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession, which is seen by economists as part of the modern business cycle.

Wednesday, March 16, 2011

What is Terms of Trade?

Terms of trade relates to international trade. It is a single number that represents the ratio of a particular country's exports and imports.

Sunday, March 13, 2011

Chinese Economy - Thorough Lookup

The extraordinary emergence of China during the past three decades has been a hallmark  of the global economy,  heralding  a 21st century  world that  looks quite different from the previous  one.

Limitation of Barter System

Need for presence of double coincidence of wants: For barter to occur between two people, both would need to have what the other wants.
  • Absence of common measure of value: In a monetary economy,

Sunday, February 13, 2011

Consumer Surplus

Defining consumer surplus
Consumer surplus is a measure of the welfare that people gain from the consumption of goods and services, or a measure of the benefits they derive from the exchange of goods.

Monday, February 7, 2011


Marketing, the process by which a product or service originates and is then priced, promoted, and distributed to consumers. In large corporations the principal marketing functions precede the manufacture of a product.

What determines price elasticity?

· The number of substitutes - the greater the substitutes, the more elastic the good - a small price rise means consumers switch to another brand.

Wednesday, February 2, 2011

Balance of trade

The balance of trade is the difference between the monetary value of exports
Related Posts Plugin for WordPress, Blogger...