What is privatisation?
Privatisation refers to transfer of ownership, management and control of the public sector enterprise to the private sector.
Commerce
-
-
What factors determine location of business?
Raw materials, labor, land, place etc. are some of the significant determinants of location of industry. -
what is monetary policy?
Monetary policy refers to the actions undertaken by monetary authority of a country to control money supply and achieve sustainable growth. -
The price of elasticity demand is defined as the change in the quantity demanded to the change in the price of the commodity
-
The functional relationship between the physical input (or factor of production) and therefore the output is named a production function
-
Money supply refers to the amount of money which is in circulation in an economy at any given time
-
Business economic consists of the use of economic modes of thought to analyse business situations
-
Law of supply states that all factors being constant, seller supply more in the rising price and supply less when the price decreases.
-
Breakeven point is where the company neither make money nor losses money, but covers all the cost incurred