In addition to the problems of poverty, unemployment, regional imbalances, influence, and parallel economy, and industrial sickness; There is another important problem of economic development social injustice. Its main reason is that the developing countries have not made the sincere efforts required for the solution of the problem. Illiteracy, conservative attitude, … [Read more...] about Social Injustice in Business Environment: Causes and Solutions
Managerial Economics
13 Biggest Business Challenges for Year 2023-2024
Business leaders are faced various problems since their very inception. Various challenges remain continuously from the start of a lifecycle of a business to the end of its life cycle. The year 2023 and 2024 are very crucial for businesses that are struggling after the covid 19. There are lots of challenges they are facing with business. Today, business plans and … [Read more...] about 13 Biggest Business Challenges for Year 2023-2024
9 Reasons For Perfect Competition Does Not Exist in the Real World
Perfect competition is one of the market structures and it has an important place in the theory of pricing. But it is an imaginary market structure that is not found in real practice. It presents an ideal picture of market conditions but in real life such a market is absent. Perfect competition is only a virtual market imagination. Why Perfect Competition Does Not … [Read more...] about 9 Reasons For Perfect Competition Does Not Exist in the Real World
What are the Characteristics of a Market Economy?
A market is an organization whereby buyers and sellers of goods are kept in close touch with each other. The market is a comprehensive area where buyers and sellers are scattered and are in close touch with one another and the price of commodity trends are identical in that area. Buyers and sellers are scattered and they are in contact with one another through means of … [Read more...] about What are the Characteristics of a Market Economy?
What are the Limitations and Types of Macroeconomics (With Diagram)
Macroeconomics is that branch of economic analysis in which groups created to the whole economies, like national income, Total production, total consumption, total savings, wage level, general cost, and general price level are studied. Macroeconomics deals with economic affairs in the large. It looks at the total size and shape and functioning of the ‘Elephant’ of … [Read more...] about What are the Limitations and Types of Macroeconomics (With Diagram)