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Legal Redressal Agencies

There are 3 legal redressal agencies under the Consumer Protection Act, 1986. Namely; District ForumState CommissionNational Commission Let’s learn more about it. A quick note: Subscribe to our website to get answers to…

Excess Demand or Inflationary Gap

Excess demand or inflationary gap refers to the situation when actual aggregate demand is more than the aggregate supply corresponding to the full employment level of the output in the…

Oligopoly Market

Oligopoly refers to a market situation in which there are few firms selling homogeneous or differentiated products. For example, the car market is considered to be an oligopoly. In this…

Deficient demand

Deficient demand means that the aggregate demand is less than the planned aggregate demand. Let’s understand the concept of deficient demand in detail. A quick note: Subscribe to our website to get…

Responsibilities of the Consumer

A consumer should keep in mind some of the responsibilities while purchasing, using, or consuming any goods or services. Let’s learn about the responsibilities of consumers. A quick note: Subscribe to our…

Consumer Protection Act, 1986

The consumer protection act, 1986 seeks to promote and protect the interest of the consumers. Let’s Learn consumer protection in detail. A quick note: Subscribe to our website to get answers to your…

Working of Investment Multiplier

The multiplier is represented by K. The investment multiplier works on a simple theory that the number of times by which the increase in income exceeds the increase in investment. It…

Investment Multiplier

The multiplier is the ratio of increase in national income due to an increase in investment. The investment multiplier is represented by ‘K’. K = Change in Y/ Change in…

Monopolistic Market

A monopolistic market contains the features of the perfect competition and monopoly market. Monopolistic competition (market) refers to a market situation in which there is a large number of firms…

Consumer Protection

Consumer protection refers to protecting the interest of consumers. In this post, we will be learning about the concept and importance of consumer protection. Let’s Learn consumer protection in detail.…

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