The modem theory of trade rejects classical and Neo-classical model of perfect competition and constant returns to scale. Modern theory takes a more pragmatic ...

Demand forecasting is the process of estimating the quantity of a product or service that consumers will purchase. Demand forecasting basically involves ...

Western and Indian concepts of education: Education (also called learning, teaching or schooling) in the general sense is any act or experience that has a ...

Macro Forecasting. In recent years there has been increasing interest in forecasting methods that utilize large data sets. There is awareness that there is a ...

Hire Purchase Systemis a special system of purchase and sale. When goods are purchased on hire-purchase system, purchaser pays the price in installments, ...

Education and society both are inter-related or inter-dependent because both mutually influence each other i.e. complimentary. Without education, how we can ...

The social aim of education. The social aim of education takes into consideration the social needs of society. Education is provided with a view to making new ...

Acceptance. Section 2 (b) of the Indian Contract Act, 1872 defines acceptance in these words: When one person to whom the proposal is made ...

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 ...

Meaning of offer : Section 2(a) of the Indian Contract Act, 1872 defines proposal or offer as follows : When one person signifies to another his willingness to ...

Value Inculcation and Learning: Values are inseparable from the life of an individual. Since education is an essential requirement, an integral part of ...

In simple words, a contract is an agreement made between,two or more persons to do or to abstain from doing a particular act. According to Section 2(h) of the ...