Apple’s Expansion in India: A Game-Changer for Trade and Employment
Title: Apple’s Expansion in India: A Game-Changer for Trade and Employment Apple Inc., the global technology giant, is making major moves to expand its iPhone manufacturing footprint in India. This strategic shift, once seen as a hedge against rising geopolitical tensions and over-reliance on Chinese manufacturing, has grown into a full-fledged pivot. With Apple expected […]
Economics of Labour
The economics of labour is one of the most vital and dynamic branches of economic study that affects every individual and society as a whole. It explores the relationship between workers, employers, and the broader economy, seeking to understand how the supply and demand for labour interact to determine wages, employment levels, and working conditions. […]
How to Achieve Financial Freedom
How to Achieve Financial Freedom Financial freedom is the ability to live comfortably without worrying about money. It means having enough income, savings, and investments to support your lifestyle while reducing financial stress. Achieving financial freedom requires discipline, strategic planning, and smart decision-making. Here’s how you can work towards it: 1. Set Clear Financial Goals […]
Complete Guide to CA Course and Its Papers
Complete Guide to CA Course and Its Papers Are you aiming to become a Chartered Accountant (CA) in India? The CA course is one of the most prestigious and rewarding professional courses for commerce and finance students. In this detailed guide, you’ll learn everything about the CA course structure, levels, exam papers, syllabus, and eligibility […]
Dumping
Dumping in InternationalTrade: A Detailed Study with Special Reference to China and World Markets Introduction Internationaltrade has grown rapidly in the last few decades due to globalization,technological advancements, and liberalization of economies. One of thecontroversial and complex practices in global trade is “dumping.”Dumping occurs when a country or company exports a product at a price lowerthan the […]
Marketing
Marketing is one of the most essential aspects of any business, acting as the bridge between a company and its potential customers. It is much more than just selling or advertising products; rather, it is a strategic process of understanding customer needs, creating value, and communicating that value in a way that builds trust and […]
Free trade
Free Trade
free trade
The Impact of Transport Costs on Production and Sales
“transport costs impact on production,” [/caption] Transport costs are a pivotal aspect of any business operation involving physical goods. They directly influence production expenses, pricing strategies, market reach, and profitability. In this article, we explore how transport costs shape production and sales, offering insights into mitigating challenges and leveraging opportunities for growth. Transport Costs and […]
Share Market
What is Consumer’s Equilibirum with Indifference Curve analysis The Share Market and Its Various Branches The Share Market is a marketplace where buyers and sellers trade shares, bonds, and other financial instruments. It plays a crucial role in the economy by providing companies with a platform to raise capital for growth and expansion, while investors […]
In Hindi : Micro Economics an overview of Consumer Behaviour
https://youtu.be/g9cqjHu_NjM?si=hYhp51HoMp4VTPHD Consumer Behaviour in Microeconomics Microeconomics is the branch of economics that studies the behavior and decisions of individual units such as consumers, households, and firms. One of the most important topics in microeconomics is consumer behaviour, which focuses on how consumers make choices about what goods and services to buy. These choices depend on […]
Probable Error in Coefficient of Correlation
https://youtu.be/7jQ4um8lAwE?si=lG07ihHCcuVKl3HY
Direct Method of Karl Pearson’s Coefficient of Correlation
When Ranks Repeat -Spearman’s Rank Correlation
https://youtu.be/Uo2PwbFsVHQ Spearman’s Rank Correlation: A Simple Guide Introduction In statistics, we often want to find out whether two variables are related. For example, do students who study more get better marks? Do taller people tend to weigh more? To answer such questions, we use correlation. One type of correlation is Spearman’s Rank Correlation. This article […]
Spearman’s Rank Correlation
https://youtu.be/sj8ueX6Qq9E?si=brsXO8_3mMLvT5rt
karl Pearson’s Coefficient of correlation
Classical Probability
Classical Probability: A Detailed Explanation Definition of Classical Probability Classical probability, also known as a priori probability, is a theoretical approach to probability where all possible outcomes of an experiment are assumed to be equally likely. It is based on logical reasoning rather than experimental data. The formula for Classical Probability is: P(A)=Number of favorable outcomes/Total number of possible outcomesP(A) = frac{text{Number […]
Probability: What is Probability
Probability in Quantitative Techniques Probability is a fundamental concept in quantitative techniques that deals with measuring the likelihood of an event occurring. It is used in various fields like statistics, decision-making, risk analysis, and forecasting. Definition of Probability Probability is a numerical measure of the likelihood that a specific event will occur, expressed as […]
What is Consumer’s Equilibirum with Indifference Curve analysis
https://youtu.be/TO-uMwHcjOo Consumer’s Equilibrium with Indifference Curve Analysis: A Complete Guide Introduction Consumer’s equilibrium is a fundamental concept in microeconomics that explains how a consumer maximizes satisfaction given their income and the prices of goods. Using indifference curve analysis, economists can visually and analytically determine the optimal consumption point for a consumer. What is Consumer’s […]
Why Different Topics with Links to :
Hi Let’s Check The Links for various Topics : 1. https://onlineeducoach.com/economics-statistics-micro-development-marketing/the-banking-sytem-common-man-facilitation 2. https://onlineeducoach.com/economics-statistics-micro-development-marketing/3367-2-the-future-of-trading/ 3. https://onlineeducoach.com/economics-statistics-micro-development-marketing/methods-of-marketing-traditional-v-s-new/ 4. https://onlineeducoach.com/economics-statistics-micro-development-marketing/the-wto-description-challenges-opportunities-development-economics/ 5. https://onlineeducoach.com/economics-statistics-micro-development-marketing/economics-scpoe-and-emerging-trends/
What is The Future of Tiny Industries After Internet Marketing
The Future of Tiny Industries After Internet Marketing: Is It Safe or What Will the Future Be? In recent years, internet marketing has transformed the way businesses operate, levelling the playing field for industries of all sizes. For tiny industries—small businesses, start ups, and local enterprises—the digital revolution offers both unprecedented opportunities and unique challenges. […]
WHITE COLLARED UNEMPLOYMENT
White-Collar Unemployment in Developing Countries Causes, Comparison, and Solutions White-collar unemployment is a growing concern in developing countries, particularly in Asia and Africa. With increasing numbers of graduates entering the job market, many individuals find themselves unable to secure employment that matches their qualifications. This phenomenon has significant economic and social implications, making it a […]
LEWIS MODEL OF UNLIMITED SUPPLY OF LABOUR
The Lewis model with unlimited supply of labour is a foundational concept indevelopment economics, proposed by W. Arthur Lewis in 1954. It explains theprocess of economic development in a dual-sector economy, where a traditionalagricultural sector, characterized by subsistence farming and low productivity,coexists with a modern industrial sector, which is capital-intensive and hashigher productivity. In themodel, […]
Do Saving Potentials are the results of Disguised Unemployment ?
The relationship : saving potentials and disguised unemployment is a topic that has been explored in the works of economists like Nurkse and Lewis, both of whom provide important insights into the dynamics of underdeveloped economies. Disguised unemployment, a concept primarily associated with surplus labour in agricultural and traditional sectors, is characterized by the presence of […]
DISGUISED UNEMPLOYMENT AMARTYA SEN’ S VIEWS (DEVELOPMENT ECONOMICS)
Amartya Sen’s views on disguised unemployment offer a critical perspective, emphasizing the multifaceted nature of this phenomenon and challenging simplistic interpretations. Sen acknowledges the concept of disguised unemployment, particularly in the context of developing economies, where surplus labour exists in agriculture or informal sectors without significantly contributing to output. However, he argues that the idea […]
LEWIS MODEL OF DISGUISED UNEMPLOYMENT (DEVELOPMENT ECONOMICS)
The concept of Lewis theory of disguised unemployment, often referred to as the “Lewis Model” or “Dual Sector Model,” is a foundational concept in development economics. It explains the structural transformation of an underdeveloped economy, characterized by a traditional agricultural sector and a modern industrial sector. Lewis’s model begins with the premise that many underdeveloped […]
CAPITAL FORMATION IN DEVELOPMENT ECONOMICS
The Concept of Capital Formation in Development Economics Capitalis important means of economic development . in Economics , capital is the partof income which is used for further production . Capital formation is a criticalconcept in development economics, emphasizing the accumulation of capitalassets to foster economic growth and development. It emphasises the economicdevelopment of every under […]
overpopulation and resource scarcity
Overpopulation and Resource Scarcity Overpopulation and resource scarcity theory addresses the challenges posed by rapid population growth and the overuse of finite natural resources. This theory highlights the environmental, economic, and social consequences of exceeding the Earth’s carrying capacity, emphasizing the need for sustainable development and responsible resource management. Core Idea of Overpopulation and Resource […]
population momentum theory of population
Population Momentum Theory Population Momentum Theory highlights a phenomenon where populations continue to grow despite declines in fertility rates. This growth occurs due to the demographic structure of a population—when a large proportion of individuals are young and entering reproductive age, they contribute to continued population increases, even if the number of children per family […]
Carrying Capacity Theory of Population
Carrying Capacity Theory Carrying Capacity Theory emphasizes that the Earth has a finite capacity to support human populations. This capacity is determined by the availability of natural resources, technological advancements, and environmental conditions. Exceeding the Earth’s carrying capacity leads to resource depletion, environmental degradation, and diminished quality of life for current and future generations. Core […]
UNDERPOPULATION THEORY
Theories of Under population Under population refers to a demographic situation where the population size is insufficient to fully utilize the available resources, maintain a robust labour force, or support sustained economic growth. Unlike overpopulation, which poses challenges of resource scarcity, under population creates issues such as economic stagnation, labour shortages, and an increased dependency […]
Boserup’s Theory of Population
Boserup’s Theory Proposed by: Ester Boserup (1965) Boserup’s Theory, formulated by Danish economist Ester Boserup in her seminal work “The Conditions of Agricultural Growth” (1965), presents an optimistic counterargument to the Malthusian perspective on population and resources. Boserup posited that population growth is not inherently detrimental but serves as a driver for innovation, technological advancements, […]
Marxist Theory of Population
Marxist Theory of Population Proposed by: Karl Marx The Marxist Theory of Population offers a critical perspective on the relationship between population growth and resource distribution, fundamentally opposing the Malthusian view. Karl Marx, the founder of Marxism, proposed that population growth is not an inherent problem but a consequence of the social and economic structures […]
The Demographic Transition Theory of Population
The Demographic Transition Theory is a widely accepted framework thatdescribes the relationship between population growth and economic development.It illustrates the transformation of a society’s demographic profile over timeas it progresses from pre-industrial to industrialized and post-industrializedstates. Developed initially in the mid-20th century by Warren Thompson andlater expanded upon by other demographers, the theory outlines a […]
Optimum Population Theory of Population
Optimum Population Theory The Optimum Population Theory was proposed by Edwin Cannan in 1924. It presents a different perspective on the relationship between population and resources by suggesting that there is an “optimum population” size that maximizes per capita income and living standards. According to this theory, an optimum population is one that balances the […]
Neo-Malthusianism
Neo-Malthusianism Despite the criticisms, the Malthusian framework has inspired a modern school of thought known as Neo-Malthusianism. Neo-Malthusians share Malthus’s concerns about the potential consequences of unchecked population growth but emphasize the role of education, family planning, and environmental sustainability in addressing these challenges. Neo-Malthusianism is characterized by several key elements: 1. Modern Adaptation: While […]
Theories of Population: 1. Malthusian Theory
There are various types of Theories related to population and its impact on Economy .it refers to the study of the relationship between population growth and economic, social, and environmental development. It seeks to understand how changes in population size, composition, and distribution impact resources, living standards, and societal well-being. Over time, various population theories […]
Best Method of Measuring Economic Development (Development Economics ) whether HDI or PQLI and why
The bestmethod to measure economic development depends on the specific aspect ofdevelopment you wish to capture. Both the Human Development Index (HDI)and the Physical Quality of Life Index (PQLI) are valuable, but theyhave different strengths and limitations. Here’s an analysis: 1. Human Development Index (HDI) Components: Life expectancy at birth(health). Education (mean years of schooling and […]
HUMAN DEVELOPMENT INDEX ( DEVELOPMENT ECONOMICS )
Human Development Index (HDI): The Question emerges How to measure Human Development Index for Economic Development ( Development Economics ) Well, the answer is : The Human Development Index (HDI) is a compositemeasure that evaluates economic development by considering both economic andsocial indicators. Introduced by the United Nations Development Programme(UNDP) in its Human Development Report […]
Why do economic affairs effects human life ?
Why doeconomic affairs effects human life Economicaffairs profoundly affect human life because they influence the resources,opportunities, and conditions under which people live. Here’s how: 1. Income andLiving Standards Economicpolicies and conditions, such as inflation, employment rates, and wages,directly affect household income. A healthy economy provides jobs, stableprices, and growth opportunities, enabling people to afford essentials likefood, […]
WHAT IS MOST ESSENTIAL FOR ANYBODY’S LIFE
THE FUNDAMENTAL NEEDS OF ANYBODY’S LIFE WHAT ISMOST ESSENTIAL FOR ANYBODY’S LIFE 1. Basic Needs: The Foundation of Survival To live ahealthy and dignified life, meeting basic needs is paramount. These include: Food: Access to nutritious food is vital for physical health, energy, and cognitive function. A well-balanced diet ensures growth, immunity, and overall well-being. […]
Physical Quality of Life Index(PQLI)
Physical Quality of Life Index(PQLI) The PhysicalQuality of Life Index (PQLI) is a composite indicator used to measure thequality of life or well-being of people in different regions. It is analternative to purely economic indicators like Gross Domestic Product (GDP),aiming to provide a more human-centred approach to assessing development. Belowis an elaboration, including its history, […]
PER CAPITA INCOME MEASUREMENT
PER CAPITA INCOME MEASUREMENT ( DEVELOPMENT ECONOMICS ) 1. Total National Income Meaning:Total National Income refers to the total monetary value of all income earned by the residents of a country during a specific period (usually a year). Itincludes income from wages, profits, rents, interest, and other sources. Explanation: Total National Income is typically measured as […]
WHY ECONOMIC WELFARE ?
ECONOMIC WELFARE L ECONOMIC WELFARE Economicwelfare refersto the overall well-being and quality of life of individuals or a society, asdetermined by their economic conditions. It encompasses both materialaspects, such as income and consumption of goods and services, and non-materialaspects, such as […]
ECONOMIC DEVELOPMENT :ITS MEASURING WAYS
Meaning of Economic Development (Short Definition): Economic development refers to the process of improving the quality of life and well-being of a population by achieving sustained economic growth, reducing poverty, enhancing education, healthcare, and infrastructure, and ensuring equitable opportunities for all. It focuses on both quantitative (income growth) and qualitative (social progress) improvements. Measurement of […]
MEASUREMENT OF ECONOMIC GROWTH
Meaning of Economic Growth (Short Definition): Economicgrowth refers to the increase in the production of goods and services in aneconomy over a specific period, typically measured by the rise in acountry’s Gross Domestic Product (GDP) or Gross National Product(GNP). It indicates the expansion of an economy’s capacity to produce andconsume. Measurement of Economic Growth (DetailedExplanation): Economicgrowth […]
ECONOMIC DEVELOPMENT & ECONOMIC GROWTH
ECONOMIC GROWTH V/S DEVELOPMENT Meaning of Economic Growth Economicgrowth refersto the increase in the production of goods and services in an economy over aspecific period, typically measured by changes in a country’s Gross Domestic Product (GDP) or Gross National Product (GNP). It is a quantitativemeasure that reflects the expansion of a country’s economic activity andoverall […]
Health Obstacles-A Perspective on Health Economics
Money plays a critical role inmodern healthcare systems, shaping access to medical services, quality of care,and health outcomes. Health is often cited as the foundation of a fulfillinglife, yet financial constraints can pose significant barriers to achieving andmaintaining good health. This essay explores the interplay between money andhealth, emphasizing the importance of financial resources in […]
Leibenstein’s Critical Minimum Effort Theory
Big Push Theory
Big Push theory The Big Push theory, formulated by Economist Paul Rosenstein Rodan in 1943, is a development economics theory that emphasizes the necessity of a coordinated, large-scale investment effort to overcome the constraints of underdevelopment in an economy. It argues that a single or small set of investments may not be sufficient to stimulate […]
The WTO: Description, Challenges & Opportunities, (Development Economics)
The World Trade Organization (WTO) is an international organization established tofacilitate and regulate global trade. It provides a platform for member nationsto negotiate trade agreements, resolve disputes, and promote free and fairtrade worldwide. Here is adetailed explanation of the WTO: Overview of the WTO Founded: January 1, 1995, as the successor to the General Agreement on […]
TRADITIONAL & MODERN METHODS OF MARKETING
Traditional v/s. New Concept of Marketing Bridging the Gap Between Tradition and Innovation Marketing,at its core, has always been about connecting businesses with their targetaudience. However, the methods, tools, and philosophies underlying thisconnection have evolved significantly over time. The difference between old marketing concepts and newmarketing strategies highlights the dynamic nature of this field. This […]
THE FUTURE OF TRADING
The Future of Trading: An In-depth Analysis Trading has always been a cornerstone of economic activity, evolving through centuries from bartering systems to complex financial markets driven by sophisticated technologies. As we move further into the 21st century, the trading landscape is undergoing rapid transformation, shaped by technological advancements, regulatory changes, environmental imperatives, and shifting […]
THE BANKING SYTEM & COMMON MAN FACILITATION
https://onlineeducoach.com/wp-content/uploads/2024/12/THE-BANKING-SYSTEM.mp4 The banking system is a network of financialinstitutions that facilitate the flow of money within an economy. It consistsof various types of banks and financial entities that provide services such asaccepting deposits, making loans, offering financial products, and enablingtransactions. The primary functions of the banking system are to: Facilitate Payments: Banks provide a secure and efficient […]
MACRO ECONOMICS : MONETARY & FISCAL POLICY
Monetary policy and fiscal policy are two key toolsused in macroeconomics to influence a country’s economic performance. Below isan overview of these policies, their objectives, instruments, and keydifferences: MonetaryPolicy Monetary policy involves managing a country’s moneysupply and interest rates to achieve specific macroeconomic objectives. It istypically implemented by a central bank (e.g., the Federal Reserve […]
Economies of Scale : its impact on Production Process
ECONOMIES OF SCALE Economies of scale have two types Internal Economies and External Economies . Internal and external economies of scale refer to the cost advantages that firms experience as they expand production, which can occur at different levels: within the firm (internal) or within the industry as a whole (external). Here’s an explanation of […]
ECONOMICS : SCPOE AND EMERGING TRENDS
Hi guys Today we shall work out with the Economics and its subject matter Economics is the social science that studies the choices individuals, firms, governments, and societies make to allocate resources, which are typically limited, to satisfy their needs and wants. The term originates from the Greek word “oikos +nomia,” meaning household management, but […]
Economics of Development : Rostow’s Stages of Economics Growth
ECONOMICS OF DEVELOPMENT https://onlineeducoach.com/wp-content/uploads/2024/11/rostow.mp4 Rostow’s Stages of Economic Development The Economics of Development is having different kinds of theories related toEconomic Development out of which the theory which is commonly used for paraphrasing the various phases of economic development is the theory of Rostow’s Stages of EconomicDevelopment . Walt Whitman Rostow, an American economist and historian,proposed a model […]
Statistics Topics with Practical Solutions
Good Morning to all Sending the topics with links related to Statistics .
Advertising is the way to Succeed in Business
https://onlineeducoach.com/wp-content/uploads/2024/11/ADVER.mp4 Advertising is the way to Succeed in Business Hi there , There are many effective ways to advertise, and each method has its own strengths depending on your target audience, budget, and business goals. Here’s an overview of the most common types of advertising: 1. Digital Advertising Search Engine Ads: Use Google Ads or […]
Introduction to Micro Economics Chapters
Introduction to Micro Economics Chapters https://onlineeducoach.com/wp-content/uploads/2024/07/intro-micro.mp4
Development Economics
“Explore the core theories of Development Economics, from classical perspectives like Linear-Stages and Harrod-Domar models to modern insights in Endogenous Growth and Institutional Economics. Understand how theories like the Lewis Dual-Sector Model and Patterns of Development explain structural changes, transitioning economies from agriculture to industry and services. Delve into Dependency Theory’s critique of global inequalities […]
Development Economics: A Theoretical Overview
Hi There ,Let’s discuss Development Economics and its various theories Introduction: Development Economics is a field that explores how economies evolve over time, with a focus on improving the well-being of individuals in low-income countries. It examines the structural changes, policies, and strategies that can drive sustainable growth and reduce poverty. While conventional economics centers […]
Macro Economics : an Overview
Hi there , few people asked me to write a detailed lecture on macro economics . Well , sure I accepted Sure! 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. […]
Primary & Secondary Data Collection ways
Hi there , Let’s discuss the collection of data for any purpose . There are two types of data collection methods 1. Primary data collection which the investigator himself collect for its own usages .and 2. Secondary Data which is collected by organisations for fulfilling their own purposes like Professional Bodies , surveys , reports […]
The Situation of Poor Class in Underdeveloped Countries
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 […]
Want to MASTER Derivatives? Watch This Now : Lecture II
www.onlineeducoach.com Want to Practice Derivatives in Business Math & Statistics then check the link below
Want to MASTER Derivatives? Watch This Now
Want to Master Derivatives Business Math & Statistics : watch this now . This will be the series of Lectures as Topic is Too expanded to be compile in one lecture . so be with us and enjoy the series of Lectures
Cost Curves: Your Guide to Microeconomic Success / Cost Curve Analysis
Let’s Discuss cost curves in Micro Economics there are two types of cost curves U shaped cost curves in Traditional Theory of Cost and L shaped cost curves in Modern Theory of cost we can discuss them one by one : The traditional theory of cost, also known as the “cost-output relationship,” explains how a […]
Money makes a Man Perfect
Hi there , Money plays important role in everybody’s life . everything rotates around it right from birth to death. The statement “money makes a man perfect” is an interesting topic to discuss as it is saying that wealth can lead to perfection or the improvement of an individual. To explore this, we can break […]
Unlocking Prosperity: The Key Indicators That Drive Development Economics
Development economics is a branch of economics that focuses on improving the economic conditions of low-income and middle-income countries. It addresses both the economic aspects (such as poverty, inequality, and unemployment) and broader social issues (like education, healthcare, and environmental sustainability) that influence economic growth and development. Key Topics in Development Economics: 1. Economic Growth […]
HOW TO GET OUT OF FINANCIAL CRUNCH
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 […]
HOW ECONOMICS AFFECTS TO OUR LIFE
Life is based on Scarcity principle always and Economics affects our lives in numerous ways, both directly and indirectly. Here are some key areas where economics plays a role: 1. Personal Finances • Income and Employment: Economics helps shape the job market, influencing the availability of jobs, wages, and employment opportunities. Economic policies and conditions […]
MACRO ECONOMICS : KEY INDICATORS & POLICIES
Hi there , Let’s Discuss Macro Economics , its various branches and The Tools/Methods adopted by various countries for managing economic stability Well dear , Macroeconomics is the study of aggregates , it’s the branch of economics that studies the behavior and performance of an economy especially deals with economic activities including economic issues and […]
LAW OF DIMINISHING MARGINAL UTILITY
The law od diminishing marginal utility is given by Alfred Marshall . This topic relates the utility in to majorly three forms : Initial utility which is the satisfaction consumer derives with the consumption of any commodity at a given point of time . Secondly Marginal utility which is diminshing , zoro and sometimes negative […]
LAW OF DEMAND ; INCREASE & DECREASE IN DEMAND
Law of Demand: Increase & Decrease in Demand The Law of Demand states that, all else being equal, the quantity demanded of a good or service decreases as its price increases and vice versa. This inverse relationship between price and quantity demanded is a fundamental principle in economics. However, demand can change due to factors […]
Working strategy of unemployed white collared
Hi there , the unmployment rate increases due to excessive monopoly effect of few companies in india . 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 emplyment opportunities to […]
Extension & Contraction in Demand ( In Hindi/Punjabi)
मांग में विस्तार और संकुचन से तात्पर्य उन परिवर्तनों से है जो किसी वस्तु या सेवा की मांग में कीमत में बदलाव के कारण होते हैं। इसे हिंदी में निम्न प्रकार से समझा जा सकता है: 1. मांग में विस्तार (Extension in Demand): परिभाषा: मांग में विस्तार तब होता है जब किसी वस्तु या सेवा […]
Macro Economics : Emergence and Key Concepts
Hi there , today we will workout with important branch of Economics which has impacted the Economies worldwide. Well the Topic is Macroeconomics . Macroeconomics is a branch of economics that studies the overall functioning and performance of an economy. It focuses on aggregate indicators such as GDP (Gross Domestic Product), unemployment rates, national income, […]
LAW OF DEMAND
The Law of Demand is a fundamental principle in economics stating that, all else being equal, the quantity demanded of a good or service decreases as its price increases, and vice versa. This inverse relationship between price and demand reflects consumer behavior: higher prices discourage purchases, while lower prices attract buyers. The demand curve, typically […]
INTRODUCTION TO MICRO ECONOMICS
Hi all kindly check the vlog post for introduction to micro economics Microeconomics in Detail Microeconomics is a branch of economics that studies the behavior of individual economic agents, such as households, firms, and governments, and how their decisions affect the allocation of resources and the distribution of goods and services. It focuses on the […]
Key Factors affecting Demand
Hi there , in this lecture we shall deal with factors affecting demand The demand curve represents the relationship between the quantity of a good or service that consumers are willing to purchase and the price of that good or service. Various factors can shift the demand curve to the right (increase in demand) or […]
Law of Demand
Hi Guys, Welcome to Economics tutorial , Today we shall deal with Meaning and law of demand .In Economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period of time. Demand is not just about the desire to purchase […]
Dispersion : Quartile Deviation in Continuous Series
Quartile deviation is also known as the semi-interquartile range, is a measure of statistical dispersion. It indicates the spread of the middle 50% of a dataset. The quartile deviation is calculated using the first quartile (Q1) and the third quartile (Q3). The formula is: Quartile Deviation=𝑄3−𝑄1/2 Coefficient of Quartile Deviation = 𝑄3−𝑄1/𝑄3+𝑄1 Here’s a […]
Dispersion : Quartile Deviation in Discrete Series
Quartile deviation is also known as the semi-interquartile range, is a measure of statistical dispersion. It indicates the spread of the middle 50% of a dataset. The quartile deviation is calculated using the first quartile (Q1) and the third quartile (Q3). The formula is: Quartile Deviation=𝑄3−𝑄1/2 Coefficient of Quartile Deviation = 𝑄3−𝑄1/𝑄3+𝑄1 Here’s a […]
Quartile Deviation in Dispersion Individual Series
Quartile deviation is also known as the semi-interquartile range, is a measure of statistical dispersion. It indicates the spread of the middle 50% of a dataset. The quartile deviation is calculated using the first quartile (Q1) and the third quartile (Q3). The formula is: Quartile Deviation=𝑄3−𝑄1/2 Coefficient of Quartile Deviation = 𝑄3−𝑄1/𝑄3+𝑄1 Here’s a step-by-step […]
Statistical Analysis Practical Solutions for Various Topics
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Dispersion : Range
Dispersion in statistics refers to the extent to which a distribution is stretched or squeezed. Common measures of dispersion include range, variance, and standard deviation. Here’s a brief overview of the range as a measure of dispersion: Range Definition: The range is the simplest measure of dispersion. It is defined as the difference between the […]
Various Types of Markets in Micro Economics
Hi there , Let’s Start with the Topic 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 […]
Matrix Inverse Method
Hi Greetings of the day , Today we shall discuss the topic Inverse of a matrix in practical solutions. The inverse of a matrix is like a “reverse” for that matrix. When you multiply a matrix by its inverse, you get the identity matrix, which is like the number 1 for matrices. The identity matrix […]
Transpose of a Matrix
Determinants (Matrix)
The determinant of a matrix is a scalar value that encapsulates several key properties of the matrix and the linear transformation it represents. It is a Scalar Quantity attached to a square matrix. Means with every square matric A there is associated a scalar quantity which is called the determinant of A . it is […]
Multiplication of Matrices
Matrix multiplication is a binary operation that produces a new matrix from two matrices. Unlike addition and subtraction, the dimensions of the matrices involved in multiplication determine the possibility and the result of the operation. Matrix Multiplication involves two major conditions practically for finding AB where A assumes first matrix and B as Second matrix. […]
Addition & Subtraction of Matrices
A matrix is a rectangular array of numbers, symbols, or expressions, arranged in rows and columns. The numbers in a matrix are called its elements or entries. A matrix with mmm rows and nnn columns is called an m×nm \times nm×n matrix, read as “m by n matrix”. Addition of Matrices : Matrix addition is […]
How to Solve Crammer’s Rule of Matrix
Cramer’s rule is a mathematical theorem used to solve a system of linear equations with as many equations as unknowns, provided that the system has a unique solution. It is applicable to systems of linear equations represented in matrix form. The rule is named after Gabriel Cramer, an 18th-century Swiss mathematician. Kindly check the link […]
Matrices : Meaning & Types
Matrices are a fundamental concept in mathematics, particularly in linear algebra. Here’s a detailed explanation of their meaning and types: Definition A matrix is a rectangular array of numbers, symbols, or expressions, arranged in rows and columns. The numbers in a matrix are called its elements or entries. Hence Matrix is an arrangement of rows […]
Linear Programming Method (LPP)
Linear Programming (LP) is a mathematical method used to optimize a system with linear relationships subject to certain constraints. It’s widely applied in various fields such as economics, engineering, business management, and logistics, to name a few. Here’s a basic overview of the Linear Programming method: Objective Function: This is the function you want to […]
Probable Error & Standard Error in Coefficient of Correlation
In statistics, the “standard error of the correlation coefficient” measures the accuracy of the estimated correlation coefficient. It indicates how much the observed correlation coefficient may vary if the study were repeated multiple times.Whereas The probable error (PE) of the correlation coefficient is another measure of the accuracy of the estimated correlation. It provides Kindly […]
Factor Reversibility Test : Test of Adequacy in Index Numbers
The “Factor Reversibility Test” and the “Index Number Test of Adequacy” are both methods used in econometrics and statistics to assess the validity and reliability of certain statistical models, particularly those related to index numbers and factor analysis. Factor Reversibility Test: it can be solved by practical ways . kindly Check the link In factor […]
Time Reversibility Test (TRT) Index Numbers
“Test of Adequacy TRT in Index Number” likely refers to a statistical evaluation specifically aimed at assessing the adequacy of a Time Reversibility Test (TRT) in the context of index numbers. This can be solved in practical easy way for this kindly check the link for practical solution: In this context, the Time Reversibility Test […]