Managerial Economics has developed due to the close interrelationship between management and economics. Usually the managerial decisions are economic in nature ...

Concept of Scarcity : In economics, we always refers to scarcity of resources available to us for the satisfaction of our wants. Human wants are endless ...

Returns to a factor studies the behavior of output when more and more units of the variable factor is combined with the fixed factor. Here, scale of ...

FOREIGN INVESTMENT POLICY: 1948-1990. The (IPR) Industrial Policy Resolution 1948 was the first organised attempt by the Government to give proper ...

90s Foreign Investments and Collaborations in the India. Regarding the investment destination for foreign investments, the foreign investment policy ...

Through the dilution of FERA, 1973, the unprecedented liberalization of the foreign investment policy in India in 90's has given an altogether new image to ...

If a producer seeks to minimize the cost of producing a given amount of output the condition of the equilibrium, is that the marginal rate of technical ...

Small Scale Industry (SSI). In the planning era, the percentage of population dependent on agriculture has remained more or less unchanged. In absolute ...

The inception of planning, growth with social justice and self-reliance have remained the central objectives of development strategy. Import-substitution, ...

Private Cost Vs. Social Cost: Private cost:  Private cost are the those costs that are incurred by the individuals and firms who are directly ...

Cost function is the representation of the relationship between the cost and its determinants such, as the size of plant, level of output, input prices, ...

There are many uses of the managerial production function from the point of view of the managerial effectiveness. The production function refers to the ...