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ELASTICITY OF SUPPLY
ELASTICITY OF SUPPLY When the elasticity is less than one, the supply of the good can be described as inelastic; when it is greater than one, the supply can be described as elastic. An elasticity of zero indicates that quantity supplied does not respond to a price change: the good is "fixed" in supply. #ELASTICITYOFSUPPLY
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ELASTICITY OF DEMAND
ELASTICITY OF DEMAND The elasticity of demand is an economic principle that measures the extent of consumer response to changes in quantity demanded as a result of a price change, as long as all other factors are equal. #ELASTICITYOfDEMAND
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Exception of Law of Demand
Exception of Law of Demand There are two exceptions to the Law of Demand. Giffen and Veblen goods are exceptions to the Law of Demand. ... The Law of Demand states that the quantity demanded for a good or service rises as the price falls, ceteris paribus (or with all other things being equal) #ExceptionofLawofDemand
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Assumption of Law of Demand
Assumption of Law of Demand The first assumption regarding the law of demand to operate is that the income of the consumer must remain same or should not change (i.e. neither rise nor fall). Income is assumed to remain constant, since, its rise may lure the consumer to buy more goods and raise demand despite an increase in the commodity prices #AssumptionofLawofDemand
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Best Video Classes for Economics And Business Environment in CSEET2
Best Video Classes for Economics And Business Environment in CSEET Definition of Business Environment is sum or collection of all internal and external factors such as employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc. #BestVideoClassesforEconomicsAndBusinessEnvironmentinCSEET
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Top Reviews
Introduction to Statistics for CA Foundation
Introduction to Statistics for CA Foundation Business Mathematics, Logical Reasoning and Statistics is designed as per latest CA Foundation syllabus for Paper 3 to provide a firm grounding in the principles, techniques and practice. The book adopts self-study approach and has been written in student-friendly manner. With a blend of conceptual learning and problem-solving approach, it offers in-depth understanding of the basic mathematical and statistical tools. #introductiontostatistics
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Chapter X of Companies Act 2013
Chapter X of Companies Act 2013 The company shall place the matter relating to such appointment for ratification by members at every annual general meeting. ... Under the Act, the provisions for rotation of auditors in the listed Company & certain other class of Companies, have been provided for. #chapterxofcompaniesact2013
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Relevant sections under the Companies Act, 2013 dealing with fraud and false statements
Relevant sections under the Companies Act, 2013 dealing with fraud and false statements The new parent corporate law “The Companies Act 2013” is mostly ... I am limiting my write-up to the provisions to the Act, and I request the readers to refer relevant rules, if any, before ... in the 2013 Act is the Section 447 dealing with “Punishment for fraud”. ... Section 448
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What is Corporate Image
What is Corporate Image A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public. The corporate identity is typically visualized by branding and with the use of trademarks, but it can also include things like product design, advertising, public relations etc #WhatisCorporateImage
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What is Energy Audit
What is Energy Audit An energy audit is an inspection survey and an analysis of energy flows for energy conservation in a building. It may include a process or system to reduce the amount of energy input into the system without negatively affecting the output. #whatisenergyaudit
