Liberalized Exchange Rate Management System (LERMS) was a new system of exchange rate management. According to this system, forty percent of the proceeds of ...

The curve long run average cost curve (LRAC) takes the scallop shape, which is why it is called an envelope curve. As the long run average cost curve is ...

Fixed overheads or costs are those costs of the firm that do not change with the change in the output. On the contrary, variable overheads or costs are those ...

This talks about the relationship between marginal product and average product. When we say that the marginal product is higher than the average product at ...

Demand/ sales forecasting passes through a number of steps. Some of the Important Steps Involved in Demand Forecasting among theses are: Nature of Forecast: We ...

New and Replacement Demand: If the purchase or acquisition of an item is meant for maintaining the old stock of capital/asset intact it is replacement demand. ...

It is important to understand the difference between the movement along the demand curve and the shift in the demand curve. Though both are cause due the ...

The features of Rao-Manmohan Model Development are: It abolished licensing in all industries except a small list of 18 industries, MRTP companies were free ...

The government has come to a conclusion in an uncontrolled economy that it is not all desirable to devote resources to keep alive through a process of ...

Small industry sectors need remedies for industrial sickness to increase the competitive strength and viability in them. The different remedies are as follows: ...

The first and foremost problem is on the technology front faced by Small Scale Industry (SSI). Goods produced by Small Scale Industry (SSI) are of poor quality ...

The relationship between the Managerial Economics and other disciples may be known from the fact that it helps the business management students to identify the ...