What is the government budget? Government budget can be defined as dealing with all government receipts and expenditure for a fiscal year...

Production  Law of variable proportion Law of variable proportion examines input and output relationship when output is increase...

law of demand

Law of Demand Law of demand states that there is an inverse relationship between the price of any commodity and its quantity demanded pro...

Production Possibility Curve

Production Possibility Curve Production possibility curve is a curve which shows all combination of two good which shows all combination ...

central problem of economy

Central Problem of Economy What to Produce :- Resources available in society are limited thus economy cannot produce all that socie...

Difference betwwen pefect competition and monoply

Perfect Competition Perfect competition is a market situation in which buyer and sellers operate freely and a commodity sells at a u...