
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 […]
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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. […]