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  • Demand Analysis - Part 2

    Posted 19 November 2015 by Durgesh Gupta

    Economics FYBMM: Demand Analysis - Part 2: Demand Function and The Law of Demand   Demand Function:As the quantity demanded of commodity X is a function of about eleven variables listed above, the function can be written as,Qxd = f(Px,P1, Yd, U,Q,T,A . . . . etc) W...

  • Demand Analysis - Part 1

    Posted 19 November 2015 by Durgesh Gupta

    Economics FYBMM: Demand Analysis - Part 1: Introduction and Determinants of Demand  Introduction: In economics demand means desire, need or a want of a consumer backed by his willingness and ability to pay. Demand in Economics is the desire to possess something and the willin...

  • The Fundamentals of Supply

    Posted 19 November 2015 by Durgesh Gupta

    Introduction : Supply refers to the various amounts of a good which the sellers are willing and able to sell at any given price per unit of time.   Factors Influencing Supply (Determinants of Supply)   1. Price of that commodity : Higher the price, more will be the quantity supplied....

  • Micro And Macro Economics

    Posted 18 November 2015 by Durgesh Gupta

    Economics FYBMM: Terms and concepts - Part 5: Micro And Macro Economics   Micro and Macro Economics: These are two approaches to the study of Science of Economics. In micro economics we analyze the behavior of individual economic units such as individual consumer, producer etc. I...

  • Economics FYBMM: Terms and concepts - Part 4: Profit, Optimisat

    Posted 15 November 2015 by Durgesh Gupta

    Economics FYBMM: Terms and concepts - Part 4: Profit, Optimisation, Avg Cost, Marginal Cost   Profit:In common terminology excess of revenue over its cost is profit. In Economics we refer to profits as rewards to the organization (entrepreneur) as a factor of production for its partic...

  • Economics FYBMM: Terms and concepts - Part 3: Cost, Price, Comp

    Posted 15 November 2015 by Durgesh Gupta

    Economics FYBMM: Terms and concepts - Part 3: Cost, Price, Competition, and Monopoly   Cost: Production involves cost. The cost of production is defined as the aggregate of the expenditure incurred by the producer in the process of production. Cost is also valuation placed on the...

  • Economics FYBMM: Terms and concepts - Part 2: Supply, Productio

    Posted 15 November 2015 by Durgesh Gupta

    Economics FYBMM: Terms and concepts - Part 2: Supply, Production, Distribution, Consumption   Supply: Supply of any commodity refers to various amounts of the commodity which the sellers are willing to sell at different possible prices at any given time. Please refer to late...

  • Economics FYBMM: Terms and concepts - Part1: Wants, Utility and

    Posted 15 November 2015 by Durgesh Gupta

    Economics FYBMM: Terms and concepts - Part1: Wants, Utility and Demand   Wants: Human wants are the starting point of all economic activities. Wants refer to the lack of satisfaction, a state of discomfort, which every individual desires to eliminate.They can be classified into N...

  • Interview with Pawani Dube, TYBMM Sem 5 Topper 2014-15, Thakur

    Posted 24 October 2015 by Michael Barbosa

      Interview with Pawani Dube, TYBMM Sem 5 Topper 2014-15, Thakur College of Science and Commerce   Name –Pawani Dube College Name – Thakur College Course Name – BMM Rank in TY Sem V : 1st rank GPA / Percentage: GPA- 7.00  / Percentage-78%  Grade 'O' &nbs...

  • Story of my life

    Posted 6 October 2015 by Akash Jaiswal

    I blindfolded myself and let voices guide me And I took a few sips from the bottle I had with me Hence drunk, stumbling and blindfolded I walked And listened to every voice that talked   Very soon I was used to this way of living Living life by the advice everyone was ...


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