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Showing all 212 lessons

10 Ways To Be More Productive: For all women

Being productive is not an inborn trait or quality. Anyone can become productive if they follow some specific rules or make a little change in their daily routine. Today, I…

The 5 Marketing Management Philosophies

The 5 marketing management philosophies include the Production concept, Product concept, Selling concept, the marketing concept, and the Societal marketing concept. Before understanding these philosophies, I will recommend visiting the…

What is production function?

What is the Production Function?

We studied consumer behavior, demand, and also saw the relationship between price and quantity demanded. Now, we will level up a little bit and look at the producer behavior. In…

How to get started in Economics?

Students who are new to economics, they often get confused whether this subject adds any value or are they even interested in going through this subject. This post is only…

What are the Factors Affecting the Price Elasticity of Demand?

Price elasticity of demand refers to the responsiveness of quantity demanded due to change in its price. So, in short, price elasticity of demand shows, how demand gets affected due…

Difference between a movement along the demand curve and shift in demand

We have gone through in detail the change in demand and change in quantity demanded. I was getting some requests to provide a proper difference between a movement along the…

How to calculate GDP with Income Method?

We have done the basic conversion in national income, which helped us in understanding the GDP calculation under the value-added method. Now, the second method to calculate GDP is the…

What is Marketing Management?

Marketing management is the management of all activities related to marketing. It refers to planning, organizing, directing, and controlling which results in the exchange of goods and services. Let’s discuss…

Learn how to solve numerical on price elasticity of demand

Numerical on Price Elasticity of Demand

After learning the law of demand, meaning, and formulas of price elasticity of demand. Now, we will understand how to solve the numerical on the price elasticity of demand. I…

Failing to Plan is Planning to Fail

A beautiful quote by Benjamin Franklin, states if you don’t plan for your future than you will fail. To do Planning, you need to be innovative and creative because planning…

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