Effects of Inflation The effects of inflation are all pervasive. It affects all those who depend on the market for their livelihood. The effects of inflation may be favourable or unfavourable, and low or high depending on the rate of inflation. Following are the major effects of inflation: 1. Effects of Inflation on Distribution of […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Monopolistic Competition The degree of competition in a monopolistic market is less than that in a market with perfect competition but more than that in an oligopoly and ofcourse a monopoly. The characteristics of a market with monopolistic competition are as follows: a) There are a large number of buyers b) There are a large […]
Monopolistic Competition – Meaning, Definitions, Characteristics The degree of competition in a monopolistic market is less than that in a market with perfect competition but more than that in an oligopoly and ofcourse a monopoly. The characteristics of a market with monopolistic competition are as follows: a) There are a large number of buyers b) […]
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