The resource allocation problem seeks to find an optimal allocation of a fixed amount of resources to activities so as to minimize the cost incurred by th...

(i) Per capita income of Punjab is ` 26,000 and Kerala is ` 22,800. (ii) Literacy rate of Punjab according to 2001 is 70% and Kerala is 91%, i.e., Punjab ...

The IBD/TIPP Economic Optimism Index is the earliest take on consumer confidence each month and predicts with good reliability monthly changes in sentimen...

Sensitivity analysis determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions. I...

A substitute, or substitutable good, in economics and consumer theory refers to a product or service that consumers see as essentially the same or similar...

Factory system replaced the putting out system and made all workers come together under one roof. It employed more people, but they were treated harshly. ...

Yard to Inch Conversion Table Yards Inches 1 yd 36″ 2 yd 72″ 3 yd 108″ 4 yd 144″ What is 1/2 a yard in inches? 1/2 yard is equal to 18 inches. How many in...

A contract is an agreement that is accepted by both parties and is enforceable by law. It gives certain rights to all the parties involved and also bestow...

1 January – Slovenia starts the presidency of European Union as the first of new member states. 29 March – Czech Republic, Estonia, Hungary, Latvia, Lithu...

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), an...