Demand Function – Meaning, Types, Formula, and Graph
What is Demand Function?Demand Function shows the relation between the demand and its determinants. Basically, it is a mathematical equation that shows how a… Read Article
Zero Working Capital Approach – Meaning, Benefits, and Issues
What is a Zero Working Capital Approach?Zero Working Capital approach is a strategy that could help a business to magnify the return for the… Read Article
Law of Equi Marginal Utility – Meaning, Assumptions, and Importance
Law of Equi Marginal Utility helps to explain consumer behavior in the case of more than one good or service. There is no limit… Read Article
Why Does Demand Curve Slope Downward?
To know why a demand curve slopes downwards, we need to have a basic understanding about the demand curve. So, let’s understand the demand… Read Article
Demand Schedule – Meaning, Types, Importance, and Example
A demand schedule is a table that depicts the relationship between a price and the quantity demanded for a commodity or service. Or, we… Read Article
Forward Premium and Discount – Meaning, Calculation, and Example
Forward Premium and Discount: MeaningWe use forward premium and discount terminologies for forward contract transactions in the foreign exchange markets. In the currency market,… Read Article
Types of Market
Market, in economics, refers to market structures that are different from each other on the basis of degree and nature of competition. A number… Read Article
Law of Supply – Meaning, Importance, and Graph
Law of Supply: MeaningThe Law of Supply is one of the most basic economic concepts that give an idea of the quantity of goods… Read Article
Money Market Hedge – How to Implement?
What is Money Market Hedge?Money Market Hedge is a risk management technique. It lowers the transaction risk in a foreign exchange transaction.A business that… Read Article
Socialist Economy – Meaning, Types, Advantages, and Limitations
What is a Socialist Economy?A Socialist economy or Socialism is an economic system where the state owns and manages the means of production. The… Read Article
Total Utility – Meaning, Importance, and Example
Utility in economics refers to the satisfaction a consumer gets from consuming a single unit of a product. Similarly, Total Utility (TU) means the… Read Article