This hub will teach you some simple techniques used in calculating depreciation for fixed assets. It will include two methods: straight line method and declining balance method.
The law of diminishing returns is one of the most eminent concepts in the theory of production function. The modern version of the law of diminishing returns is known as law of variable proportions...
Inductive method is also known as the historical, empirical or ‘a posteriori’ method of economic analysis. Inductive reasoning is the widely accepted method in economics for deriving conclusions...
Money is certainly not one of the basic needs that sustain life, but it's really not something we can effectively live without
Methods of measuring price elasticity of demand - The percentage elasticity method - Total outlay elasticity method - Point or geometrical elasticity method - Arc elasticity method
Meaning of elasticity of demand - Relationship between law of demand and elasticity of demand - Determinants of elasticity of demand - Importance of elasticity of demand
When making investments in tangible goods, it is always wise to consider the long term monetary cost of owning it. This article discuss the concept of life cycle costs and how it can be used to determine the true cost of ownership of a large building.
This hub is very briefly explained the topic "Money; Types and Forms and its Functions"
this article briefly described the different types of Oligopoly markets.
This hub is about "Big Push Theory" in Development Economics...