Perfect competition involves large number of buyers and sellers with a single uniform price for the product.
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Monopolistic competition there are large numbers of buyers and sellers which do not sell homogeneous products
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The fundamentals of principle management were developed by French management theorist Henri Fayol (1841–1925). The principles of management are underlying factors for successful management.
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A pure monopoly exists when there is only one producer in the market. There are no direct competitions
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In oligopoly there are a small number of firms in the market. As per the norms, oligopoly consists of 3 -5 dominant firms.
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Capital budgeting is the process of obtaining the best return on investment by evaluating investments and huge expenses
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Selection is the process of choosing the right candidate for the job position in an organization.
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Recruitment is the process of choosing the right person at the right time for the right position
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the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded