Subject Matter of Micro Economics: The subject matter of Micro economics basically deals with the following theories: Theory of Product Pricing: This theory explains how the relative prices of cotton, cloth, rice, car and thousands of other commodities are […]
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Explain the scope of Micro economics.
According to Kenneth Boulding, “Micro economics is the study of particular firms, particular households, individual prices, wages, incomes, individual industries and particular commodities.” Scope of Micro economics: Micro Economic analysis is individualistic in nature. It considers individual constituents such as […]
Meaning and definition of Micro Economics.
Meaning: The term ‘Micro’ has been derived from the Greek word ‘mikros’ which means ‘small’. Micro economics deals with the study of economic behaviour of small individual economic units such as individual consumer, firm, producer etc. In other words, its […]
Introduction and definition of Economics
Introduction Economics is a social science which studies the production & consumption of goods and the transfer of wealth to produce & obtain those goods. The term ‘economics’ comes from the Ancient Greek ‘oikos’ which means ‘house’ and ‘nomos’ which […]
What is Net Banking Transfer?
Answer: Net Banking Transfer. Net Banking is derived from the term ‘Internet banking’. It is also known as e‐banking or online banking. It is an electronic facility of transferring funds through the internet. It allows customers to conduct financial transactions on […]
Explain in brief the steps involved in Online Transactions.
Answer: Online Transactions. Online transactions occur when a process of buying and selling takes place through the internet. Transactions between the buyer and seller that are carried out and completed with the help of internet are called online business transactions. […]
What are the advantages and disadvantages of e‐business?
Answer: Advantages and Disadvantages of e-Business. Meaning – e‐business means using the internet to connect people and processes for doing business. It also includes providing service to customers and collaborating with business partners across the globe. The internet and the emergence of […]