facts -English-Economics

What is most important Production cost or Selling cost and Why Production cost and selling cost are two distinct concepts in economics and business, related to different stages of bringing a product to market: 1. Production Cost : This refers to the total expenses incurred in the process of producing goods or services. It includes: o Raw materials: The cost of materials needed to produce the goods. o Labour: Wages paid to workers involved in the production process. o Overhead: Indirect costs like factory utilities, depreciation of equipment, and maintenance. o Manufacturing expenses: Expenses related to machinery, equipment, and production facilities. Production cost is directly tied to the manufacturing process and is concerned with how much it costs to produce a product or service. 2. Selling Cost : This is the cost associated with marketing, advertising, and distributing a product to customers. It includes: o Advertising and promotions: Expenditure on marketing campaigns to prom...

<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-1062732397402009"      crossorigin="anonymous"></script> Hi there , few pupils asked me to write a detailed lecture on macro economics . Well , sure I accepted Here’s a detailed lecture on macroeconomics, covering its foundational concepts, theories, and real-world applications. The lecture is organized into different sections, making it suitable for both beginners and those looking for a refresher. well as let's start the topic Lecture on Macroeconomics Introduction to Macroeconomics Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on aggregate measures like total national output (GDP), unemployment rates, inflation, and national income. Unlike microeconomics, which examines individual markets and actors, macroeconomics takes a broader view, looking at the overall fu...

Hi there Today’s Topic is the behavioural approach of Poor class and how they impact via lack of financial resources , the scarcity of food articles , good accommodation and lack of financial notches to fulfil their desires . The economic behaviour of the poor in underdeveloped countries is a nuanced topic shaped by various constraints and opportunities and involves how low-income households make decisions about spending, saving, working, and investing, as well as how they manage risks and access markets. Here are key aspects: 1. Income Sources and Employment • Agriculture-Based Livelihoods : A significant portion of the poor in underdeveloped countries rely on agriculture as majority of the underdeveloped countries are having poor landless farmers , artisans with small amount of funds to cultivate the fields , often trench with petty loans with excessive interests and working as smallholder farmers, sharecroppers, or seasonal laborers. Their income is highly variable, su...

KINDLY CHECK THE LINK FOR DETAILED SOLUTION OF LINEAR PROGRAMMING METHOD       suitable for all classes related to Commerce , Arts , Engineering , Competition exams and career oriented course .  thanks \ jatin 

Hi there , Let's Start with the Topic Various types of Markets in Micro Economics . well there are different kinds of markets are available in micro economics they can be described by their features like In Microeconomics, a Market is a mechanism through which buyers and sellers interact to determine prices and exchange goods and services. Markets can be classified based on various criteria, such as the nature of the goods, the number of participants, the level of competition, and the geographic area. Here are some key types of markets in microeconomics: 1. Perfect Competition Definition: A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit. Features: Many buyers and sellers. Firms are price takers (they cannot influence the market price). Perfect information (buyers and sellers have full knowledge of prices and products). No barriers to entry or exit. 2. Monopoly Definition: A market structure where a single fir...

The phrase "when the cat is away, the mice will play" can be interpreted in monetary terms as follows: "When the regulator or oversight is absent, market participants may engage in riskier or non-compliant financial behaviour." Or more simply: "When the supervisor is absent, there is room for opportunistic financial activities to thrive." In economic terms, it refers to situations where the lack of oversight or control can lead to behaviour that may not align with usual rules or standards, potentially affecting market stability or resource allocation. Here the Question emerges that   what is the solution of this problem The solution to the problem of "when the cat is away, the mice will play" in a monetary or economic context involves implementing effective oversight and control mechanisms to prevent opportunistic or risky behaviour. Here are some strategies to address this issue: Stronger Regulatory Frameworks : ...

  Hi there , Topic T oday is  How to get out of financial crunch which people are facing but they can be sorted by proper Planning , Let's Check how to : 1. Assess Your Financial Situation List your income and expenses : Start by making a clear list of all your income sources and monthly expenses. Track your spending : Understand where your money is going, and identify areas where you can cut back. 2. Cut Unnecessary Expenses Prioritize needs over wants : Focus on essentials (housing, food, utilities), and reduce or eliminate non-essential spending. Negotiate bills : Call service providers (e.g., internet, insurance) and negotiate for better rates.   3. Create a Budget Develop a strict budget : Allocate your income wisely, ensuring you’re spending less than you earn. Stick to cash or debit : Avoid credit card use, as it can lead to more debt. Use only what you have. 4. Increase Your Inc...

  Hi there   The Unemployment rate increases due to excessive Monopoly effect of few companies in majority of the Countries throughout the World . The drastic ratio of unemployed youth is due to their unskilled bookish knowledge with no practical skill to be learnt with. Hyper rate is leading to depression in them .  Let’s try to increase employment opportunities to them or make entrepreneurial   skills in them , there should be proper export promotion activities and we should adopt Chinese model of development to enhance the opportunities of maximum exports as local agricultural and manufacturing industries have already boosted . The new strategy of export orientation must be launched to adjust the surplus labour by which economic development of the country will be done , thanks jatin

 hi there Matrix is a term of Statistical analysis in which equations can be solved . you can find how to solve the equations by vlog of mine . kindly check :  Thanks  jatin