Managerial Economics

Indifference Curve – Meaning, Nature, Assumptions, Properties and Limitations

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 ordinal approach, […]

Monetary Policy – Free BBA Notes/ MBA Notes

Monetary Policy Meaning, Objectives, Instruments, Transmission mechanism and limitations in developed and developing economies.   Meaning Monetary policy includes the actions of a central bank, currency board or any other regulatory committee that determines the size and rate of growth of the money supply, which in turn affects interest rates. It implies the regulation of […]

Demand Pull and Cost Push Inflation

Demand Pull and Cost Push Inflation 1. Demand Pull Inflation The demand-pull inflation occurs when the aggregate demand increases at a much higher rate than the aggregate supply. In other words, demand-pull inflation occurs when, given the aggregate supply, aggregate demand increases substantially. Increase in aggregate demand may be caused by i. monetary factors, i.e. […]

Inflation – Meaning, Definitions, Characteristics, Causes and types

Inflation Meaning, Definitions, Characteristics, Causes and types Meaning Inflation is a global phenomenon in present-day times. There is hardly any country in the capitalist world today which is not afflicted by the specter of inflation. Inflation is a sustained rise in the average level of prices. Notice, the word sustained. Inflation does not mean a […]

Measurement of Inflation (Managerial Economics Notes) (BBA/MBA Notes)

Measurement of Inflation and Measures to Control Inflation   Lets Study Measurement of Inflation and ways 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 […]

Demand Forecasting – Meaning, Scope, Types and Importance – Managerial Economics

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 […]

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