Notes and Study material for Exams
The subtopics of NDP at Factor Cost (NDPFC) are: Net Domestic Product at Factor Cost Net Domestic Product at Market Price Net National Product at Factor Cost Net National Product at Market Price Gross National Product at Factor Cost Gross National Product at Market Price Gross Domestic Product at Factor Cost Gross Domestic Product at … Read more
The following are subtopics of market price: Market price is the price at which a good or service is bought and sold in a competitive market. Market price is determined by the interaction of supply and demand. Supply is the amount of a good or service that producers are willing and able to sell at … Read more
Here is a list of subtopics on economic systems: Traditional economy Command economy Market economy Mixed economy Gift economy Barter economy Commodity money economy Representative money economy Fiat money economy Credit economy Debt economy Share economy Cooperative economy Socialist economy Communist economy Capitalist economy Mercantilist economy Keynesian economy Monetarist economy Supply-side economy Austrian school economy … Read more
Here is a list of subtopics in microeconomics: Consumer theory Firm theory Market structure Market failure Externalities Public goods Monopoly Oligopoly Perfect competition Game theory Behavioral economics Econometrics Economic growth International economics Labor economics Financial economics Health economics Environmental economics Development economics Urban economics Regional economics Industrial organization Applied microeconomics Mathematical economics Econometrics Microeconomics is … Read more
Law of demand Law of supply Demand curve Supply curve Equilibrium price Equilibrium quantity Market equilibrium Market disequilibrium Shifts in demand Shifts in supply Elasticity of demand Elasticity of supply Consumer surplus Producer surplus Total surplus Welfare economics The law of demand states that, all other things being equal, the quantity demanded of a good … Read more
What is a Fuel Cell? A fuel cell is an electrochemical device that converts chemical energy from a fuel into electrical energy and heat. Fuel cells are similar to batteries in that they both convert chemical energy into electrical energy, but fuel cells do not run down and need to be recharged. Instead, they can … Read more
The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, introduced on January 1, 2021, is a pivotal initiative by the Indian government aimed at making Indian exports more competitive in the global marketplace. This scheme replaces the earlier Merchandise Exports from India (MEIS) Scheme and addresses WTO (World Trade Organization) compatibility concerns. Objectives … Read more
Economic consolidation is a process that occurs when a small number of companies come to dominate an industry. This can happen through mergers, acquisitions, or other forms of business combination. Economic consolidation can have a number of effects on the economy, including increased prices, reduced competition, and lower innovation. What is economic consolidation? Economic consolidation … Read more