Economic

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The Human Development Index (HDI)

index is based on economic development. Growth and development are different ways of measuring...

The Gross National Happiness (GNH)

Gross National Happiness (GNH) Index is a survey that measures the happiness and well-being of a country’s..

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How to Enlarge the Manufacturing Company

The manufacturing industry can be enlarged in two ways: horizontal integration and vertical integration. Let's see what these two are, one by one.

How to manufacturer's make profit

method that everyone knows is to produce a product at the lowest price, from the price of the product sold in...

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Economics Theory

Micro Economics

The inverse relationship between price and quantity is called the law of demand. When the price of the commodity increases, demand for the commodity decreases; if the price of the commodity decreases, the demand for the commodity increases. Let’s explore the assumptions behind this law.

Micro Economics

law of supply describes a direct relationship between price and quantity. As the price of a commodity rises, producers are motivated by higher profits....

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