Significance Of The Law Of Substitution
Significance Of The Law Of Substitution The law of substitution is of great practical importance in economics which are given below:1. Basis Of ConsumptionConsumer is assumed to be rational. He…
Concept Of The Law Of Substitution
Concept Of The Law Of Substitution Law Of SubstitutionThe law of substitution is also known as the law of equi-marginal utility or the law of maximum satisfaction. This law was…
Concept Of Consumer’s Surplus
Concept Of Consumer's Surplus The concept of consumer's surplus is one of the most important idea in economic theory especially in demand and welfare law was first developed by French…
Criticisms Of Consumer’s Surplus
Criticisms Of Consumer's Surplus The concept of consumer's surplus has been criticized on several grounds as follows:1. ImaginaryThe concept of consumer's surplus is a purely imaginary idea. We just imagine what…
How Culture Impacts Courtrooms: An Empirical Study of Alienation and Detachment in the Cook County Court System
How Culture Impacts Courtrooms: An Empirical Study of Alienation and Detachment in the Cook County Court System Courtrooms operate as unique microcosms—inhabited by courtroom personnel, legal actors, defendants, witnesses, family…
Risk profiles in a Spanish sample of juvenile offenders: implications for risk assessment and management
Risk profiles in a Spanish sample of juvenile offenders: implications for risk assessment and management . Lorena Maneiro Read the syndicated article here
E-commerce Features
E-commerce Features The main features of e-commerce can be pointed out as follows:1. Individual CommunicationCommunication is individualized and interaction is with carefully selected individual customer. E-name is used for this…
Functions Of An Entrepreneur
Functions Of An Entrepreneur Entrepreneurial qualities consist of vision, inspiration, creativity, risk taking and achievement orientation. An entrepreneur is a visionary individual who takes risks by starting a new venture…
Characteristics Of Entrepreneurship
Characteristics Of Entrepreneurship Entrepreneurship has the following characteristics:1. Creating New VentureEntrepreneurship is concerned with creation of new venture with new ideas. Such ventures starts as a small business to satisfy…
Concept And Meaning Of Entrepreneurship
Concept And Meaning Of Entrepreneurship The process of discovering new venture with creativity and innovation is called entrepreneurship. Entrepreneurship requires assumption of risk and reaping of awards. It brings resources…
Concept And Meaning Of Investment
Concept And Meaning Of Investment InvestmentGenerally, income and expenditure of an individual never current income exceeds current desires, people intend to save their surplus. With this surplus they plan to…