Economics Capsule

Deductive and Inductive methodology of Economics

TYPES/EXCEPTIONS OF INDIFFERENCE CURVE B.A,M.A, NET, BBA,MBA,B.Com,COMPETITIVE EXAMS,11TH,12TH,ETC

Elasticity of Demand Introduction, derivation of formula, microeconomics, for 11th,12th,net,grad.

Mid point method to calculate Elasticity of Demand

National Income

Capital Budget, Capital Receipt, and Capital payment -Definition meaning components

Economic activities and Non economic activities

Cost: Cost Function, Short run, Long run TC, TFC, TVC with diagram and example.

Gross Domestic Product: Definition, meaning

Isoquant/Isoproduct Curve - Meaning, definition and its properties

Total product, Marginal Product and Average product with background for 11th,bba,MBA,B.Com,b.a,eco

Arbitrage Meaning and Definition

Statistics: definition# plural definition part 1

Circular flow of income: 2 sector model, meaning, definition

Contingency Fund

Autarchy Definition and meaning

Speculation- Definition Meaning

Revenue Deficit and Revenue Surplus

Decreasing/Diminishing Returns to Scale and Constant Returns to Scale

Hedging-Definition Meaning