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How to solve problems on AD-AS?

The trick to solve problems on AD-AS is to remember all the formulas: S = -c + sY (-c is dissavings, s = MPS, Y = National Income) C =…

Monopoly Market

A monopoly is an imperfect market form. ‘Mono’ means single and ‘poly’ means to control, implying 1 seller. A monopoly refers to a market situation where there is a single…

Perfect Competition

Perfect competition is 1 of the form of the market. There are 2 types of market: Perfectly competitive market or Perfect Competition or Perfect Market.Imperfect competition. In this post, we…

Public Relation | Concept & Role

Public relation means maintaining relations with the public or being good in the eyes of the people. In this post, we will learn Public Relation | Concept & Role in…

Sales Promotion | Promotion Mix

Sales promotion is a promotion mix tool. It refers to short-term intensive which is designed to encourage the buyers to make immediate purchase of a product or service. These include…

Personal Selling | Promotion mix

Promotion mix involves tools to promote or increase the sale of a product. After advertising, personal selling & sales promotion is 2 more tools used under the promotion mix. In…

Determination of Equilibrium Output

For the determination of Equilibrium output there are 2 approaches: AD-AS ApproachS-I Approach  Let’s learn more about it. A quick note: Subscribe to our website to get answers to your curriculum questions.  Aggregate…

Types of employment equilibrium

Types of Employment Equilibrium

Under macroeconomics, there are 3 types of employment equilibrium: Full Employment EquilibriumUnder Employment EquilibriumOver Employment Equilibrium  Let’s learn more about it. A quick note: Subscribe to our website to get answers to your…

Producer Equilibrium

Producer Equilibrium

A producer is said to be in equilibrium when he produces that level of output at which his profits are maximum. There are 2 methods of determining producer equilibrium: TR-TC…

Types of Revenue

There are 3 types of revenue that we mainly study under the forms of different markets. These includes: Total Revenue (TR)Average Revenue (AR)Marginal Revenue (MR) A quick note: Subscribe to our website…

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