Laurence Kohlberg’s theory of Moral Development Kohlberg became fascinated by Piaget’s studies of moral development and because of this he decides to further develop the theory of moral development. According to Kohlberg, there are three universal levels of moral development, each divided into two stages. These levels are: Level I: Preconvention Reasoning •...

Corel Draw – A powerful vector designing software and much needed keyboard shortcuts. I’ve been a user of Corel Draw (Windows) for above 10 years now, ever since I started my design & print service business back in year 2o10. Corel Draw is a powerful vector design software which really helped me starting my design business. I used Corel Draw for first...

NEP 2020 India – Frequently Asked Questions (Quiz) with Answers     NEP 2020 India – Frequently Asked Questions (Quiz) with Answers   Q1. In tribal areas, ECCE will be implemented in ? ECCE is not applicable in tribal areas NEP is not applicable in Tribal areas In Ashramashalas, in phased manner None of the Above Q2. What is the name...

  Monopoly Meaning, Conditions, Sources and Advantages Monopoly Monopoly is a market where there is only one producer of a good or service. There is also no dose substitute of the good or service. Conditions of Monopoly 1. Single seller and large number of buyers. 2. There is no substitute in the market. 3. Entry ban. 4. Controlled supply. 5. Independent price...

Oligopoly Managerial Economics Notes Meaning Of Oligopoly The term oligopoly has been applied to an industry that consists of a few firms, each producing a substantial share of the total output of that industry. This type of market structure is typical of the petroleum industry, the automobile industry, or the iron and steel industry. If the industry consists of only...

Business Ethics Meaning, Definitions, Theories, Sources and Importance Meaning of Business Ethics The term business ethics refers to the system of moral principles and rules of conduct applied to business. Business ethics means that the business should be conducted according to certain self-recognized moral standards. Business, being a social organ, shall not conduct...

Measurement of Inflation and Measures to Control Inflation Degree of Inflation According to swiftness of rise in price level or intensity of increase in the general price level the inflation may be (a) creeping inflation, (b) running inflation, (c) galloping inflation, and (d) hyper inflation. (a) Creeping Inflation This is show moving and a very mild inflation....

National Income Concept, Types and Measurement Income refers to the flow of wages, interest payments, dividends and other things of values accruing during a period of time (usually a year). The aggregated of all incomes is national income. National income as the aggregate for money value of the annual flow of final goods and services in the national economy during...

Demand Forecasting Meaning, Scope, Types, Importance, Limitations and Criteria for Good Decision Making A forecast is a prediction about a future event which is most likely to happen under given conditions. In a world full of uncertainties, formation of some view about the future is inevitable. Therefore, firms try to forecast the likely demand for their products....

Indifference Curve Meaning, Nature, Assumptions, Properties and Limitations   Meaning and Nature of Indifference Curve The realms of consumer behavior were expanded to new horizons with the introduction of indifference curve analysis by J.R. Hicks and R.G.D. Allen. The crux of this analysis is that utility is ordinally measurable. From the above discussion on...