Results of March 2016 HSSC Examination conducted by the Goa Board of Secondary and Higher Secondary Education will be declared on Thursday, 12 May, 2016 at 3.00 p.m. Students can get their results via sms or from official websites. List […]
Types of Partners.
Following are the various types of partners: i. Active Partners: Partners who take active part in the conduct of day‐to‐day transactions of the firm are called Active Partners. These partners perform the business activities on behalf of other partners. ii. […]
Meaning and Definition of Partnership.
Meaning: Partnership is an association of two or more persons who agree to combine their financial resources and managerial abilities to operate a business and share Profits and Losses in an agreed ratio. Definition: Partnership as per the Indian Partnership […]
Organisation of Commerce HSC Syllabus – Maharashtra HSC Board
Organisation of Commerce – HSC Syllabus Maharashtra HSC Board. Introduction Now it becomes necessary to give formal, traditional, recent education in Commerce and Industry along with practical knowledge so as to enable the students to have good understanding of the […]
Explain Micro economics is known as income theory?
Explanation [Micro economics is known as Price theory]: The subject matter of micro economics includes the theory of product and factor pricing. The theory of product pricing explains how the prices of different commodities such as cloth, wheat, rice, sugar, etc. are determined. The theory of […]
Why Micro economics studies behaviour of individual economic unit?
Reasons: The word ‘Micro Economics’ has been derived from the Greek word ‘mikros’ which means ‘small’ Micro economics splits or divides the whole economy into small individual units and then studies each unit separately in detail thereby using slicing method. […]
Give reasons or explain: Price theory is useful to businessmen.
Reason: Micro economics (Price theory) analyses the patterns of supply and demand so as to determine the price and output in the individual markets. The theories of product pricing and factor pricing help an entrepreneur in various ways. The price […]