After reading this article you will learn about:- 1. Meaning of Rent 2. The Ricardian Theory of Rent 3. Types of Rent. Meaning of Rent: The word rent can refer to any periodic payment made regularly for the hire of a good e.g. a house, a flat, a shop etc. Rent is the share of […]
Rent: Meaning and Types | Economics
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Breakeven Chart: Functions, Analysis and Limitations
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After reading this article you will learn about:- 1. Functions (Scope) of Breakeven Chart 2. Construction of Breakeven Chart 3. Interpretations and Analysis 4. Procedure to Draw 5. Limitations. Functions (Scope) of Breakeven Chart: 1. A breakeven chart is an aid to management and it depicts a clearer view of the position of a business. […]
What is Demand? | Economics
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After reading this article you will learn about:- 1. Meaning of Demand 2. Components of Demand 3. Company Demand 4. Market Demand 5. Company Potential 6. Market Potential. Meaning of Demand: In evaluating the marketing opportunities, the step is to estimate total market demand. According to Philip Kotler, “Market demand for a product is the […]