Everything has got some positive and some negative aspects. Nothing is perfect. Good and bad points are the two sides of a coin. Here are certain reasons why ...

It is quite a tedious job to design an effective advertisement. There is no format for such a purpose. Important characteristics of a good advertisement are ...

No, I don't fully agree with this view. Advertisement has got advantages and disadvantages both. Advantages of Advertising : Advertising encourages ...

Production Possibility Curve: Production possibility curve is a curve which depicts all possible combinations of two goods which an economy can produce with ...

Government intervention can alter market outcomes in the following two ways, whereby it can influence the price at which commodities are bought and sold— ...

Perfect competition is a market situation in which there area large number of buyers and sellers, firms sell a homogeneous product and there is free entry and ...

Price discrimination means selling a good to different buyers at two or more price for reasons not associated with difference in cost, goods are assumed to be ...

It refers to two prisoners namely Molly and Knuckles. They were partners in crime and imprisoned together. Now for punishment, the district attorney ...

Circumstances under which free market fail to achieve efficient allocation of resources : Market failure occurs when resources are mis allocated, or ...

International trade is necessary to obtain the gains that international specialization makes possible. Trade allows each individual, region or country to ...