supply and demand

Description India is in transition. It is moving from a planned economy with extensive central controls, to one based increasingly on the operation of market forces. Although economic liberalisation began in 1991, its cumulative impact became visible mainly in the second half of the last decade...

Description In microeconomics, supply and demand is an economic model of price determination in a market. Application of Demand & Supply Introduction Crude oil is a naturally occurring substance (i.e., “Fossil Fuel”, formed from organic remains over a period of millions of years) found in...

Description In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers STUDY FOR APPLICATION OF...

In the colloquial sense, an indirect tax (such as sales tax, a specific tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the consumer). The...

Hi everyone, Anyone interested in Economics should read the new book by Pete Lunn called Basic Instincts: Human Nature and the New Economics. It offers some great cutting edge theories on behavioural and psychological economics, and how a good understanding of human behaviour can better the...