After reading this article you will learn about the price policy of public enterprises in India. For a long time, there was no definite price policy prescribed for public enterprises in India. Because, until the adoption of planning, the role of the public sector in India was not very significant. Only a few public utility undertakings like Railways and Posts [...]
Theory # 1. No Profit, No Loss Principle: For a long time, the 'no profit no loss' principle was regarded as the ideal of price-policy of public undertakings. Since public enterprises are operated in public interest, they should follow the policy different from the private enterprises which are actuated by motivation of profit. The public enterprises should not charge prices [...]
After reading this article you will learn about:- 1. Definitions of the Size of a Firm 2. Measures of Size 3. Concepts. Definitions of the Size of a Firm: In an industry there are firms of varying sizes. The costs of production in these firms of different sizes vary. Economists are concerned with the best size of a business unit, [...]