Dhamma: Ashoka was one such ruler of India, who made many efforts for the moral development of the people. The ideas which made moral progress possible ...

An offer is made with a view to obtain the assent of the other party to it. If it is accepted, a valid agreement is made, But before being accepted the offer ...

Relationship Between AVC, MC, AC and MC. Where X1 → Output corresponding to minimum point of MC curve. X2 → Output corresponding ...

Employees State Insurance Corporation (ESIC): Section 3 of the Employees’ State Insurance Act, 1948, provides for the establishment of Employees’ State ...

Liberalism supported the democratic ideas right from the beginning. The classical liberal theory of democracy from John Locke onwards, enshrines supremacy of ...

Marginal Productivity theory: Marginal Productivity theory is a bold attempt to explain the determination of rewards of various factors of production. It ...

Consumer Equilibrium:  Every consumer aims at a spending his income in a way that gives him maximum satisfaction. When a consumer gets maximum satisfaction ...

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

The term ‘Energy’ is derived from the greek ‘energon’ meaning work. It is utilized by every one in the world. We use energy in our day-to-day life, in our ...

The communication of offer and acceptance must be complete so as to bind the concerned parties because as soon as the communication is complete the parties ...

The word ‘proposal’ and ‘offer’ are synonymous and are used inter changeably. Section 2 (a) of the Indian Contract Act, 1872 defines proposal or ...

Physical Structure of Oracle Database Contains: Datafiles:  As it suggests, datafiles contain database data. Every Oracle database has one or more ...