HSC – Higher Secondary Education Website
100s of tutorials with worked examples, past papers, tips, tricks for HSC exams
HSC Board Exams are fast approaching and students are getting anxious about how to prepare for their HSC Board Exams. So we had mentioned some HSC Study Tips to help students in Cracking HSC Exams. We have also created Free […]
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: 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 […]
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 […]
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. […]
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 […]
Historical review of Micro Economics. Micro economics is a traditional approach and its origin can be traced back to the era of classical economist. It was founded by Adam Smith, also known as “The father of Economics”. In his book […]