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Answer the Subscribers

Hi There! Its time for the ‘Answer the subscribers’. Today I will be addressing some of my valuable subscribers’ questions. I have been getting several emails/messages on Facebook regarding economics…

Central Bank and Its Functions

Every country has 1 central bank, it is that bank that looks after other banks but it does not deal with the public. Today we will be learning the meaning…

Process of Credit Creation

We will understand the process of credit creation by commercial banks. In case you missed, then you can revise the concept of Introduction To Money. Let’s start with the meaning…

Place Mix in Marketing

The third element of the marketing mix is place. Place mix in marketing is concerned with making the goods and services available at the right place, at the right time,…

Introduction To Money

Money is anything that is generally accepted as a medium of exchange, a measure of value, store of value, and the means for the standard of deferred payment. In this…

Average Total Cost

Average total cost in economics plays an important role in understanding how the firm cost of production falls over a period. Average total cost comprises of average fixed cost and…

Marketing Mix Element: Price

Price is the third element of the marketing mix. It is the amount of money paid by the buyer to the seller in consideration of the purchase of a product…

The problem of Double Counting

The counting of the value of a commodity more than once is called double-counting. The problem of double counting leads to an overestimation of the value of goods and services…

Measures of Central Tendency

A central tendency refers to an average or a central value of a statistical series. Measures of central tendency refer to all those methods of statistical analysis by which averages…

Precautions While Calculating National Income

Under national income, we discussed 3 methods namely: value-added method, income method, and expenditure method. You can revise these methods before learning the precautions of each method while calculating national…

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