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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.…

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…

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