Economics

Types of Elasticity in Economics

Types of Elasticity in Economics

Business, Economics January 2, 2017 at 4:53 pm 2 comments

Types of Elasticity in Economics ELASTICITY Elasticity is a term widely used in economics to denote the “responsiveness of one variable to changes in another.” In proper words, it is the relative response of one variable to changes in another variable. The phrase “relative response” is best interpreted as the […]

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Unemployment in Pakistan

Unemployment in Pakistan

Economics July 23, 2016 at 5:00 pm 0 comments

Unemployment in Pakistan Introduction Background/ Review of the Literature 3. Research Objective Method and Design Significance and Conclusion References 1. Introduction Pakistan is the country with low literacy, high poverty, over population and unemployment. Pakistan is in the line of developing countries. The main causes of unemployment are limited resources, […]

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Economic Problems of Pakistan and their Solutions

Economic Problems of Pakistan and their Solutions

Economics June 15, 2016 at 2:30 pm 0 comments

Pakistan is the country where more than half population is living below the poverty line. Pakistan’s economy is facing its adverse condition due to lot of reasons. The reasons for decline are over population, terrorism, bad governance and low literacy level. Other problems include the neglected attitude of world powers […]

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What is Economics

What is Economics

Business, Economics May 15, 2015 at 3:47 pm 1 comment

WHAT IS ECONOMICS? Economics is not a natural science, i.e. it is not concerned with studying the physical world like chemistry, biology. Social sciences are connected with the study of people in society. It is not possible to conduct laboratory experiments, nor is it possible to fully unravel the process […]

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Determinants or Prerequisites of Economic Development

Determinants or Prerequisites of Economic Development

Business, Economics May 1, 2015 at 1:14 am 2 comments

what are the pre-requisites or determination of economic development? How fro these exist in Pakistan?    Or   how political social cultural and religious factors are responsible for economic development?  Determinants or Prerequisites of Economic Development Economic growth is dependent upon a number or factors such as natural resources, capital […]

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Theories of Communication in Economics

Theories of Communication in Economics

Business, Economics January 29, 2015 at 12:22 am 0 comments

Theories of Communication in Economics Electronic Theory Social Environment Theory Rhetorical Theory We have been discussing how important communication will be for your success in business communication. Communication does not occur haphazardly. Nor does it happen all at once. It is more than a single act. It is a dynamic, […]

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What is Fiscal Policy and its Objective ?

What is Fiscal Policy and its Objective ?

Business, Economics January 26, 2015 at 5:09 pm 1 comment

what is fiscal policy? Explain the objectives of fiscal policy fiscal policy is the management of public finance by the govt. to influence the economy in the desired direction. It is concerned with govt. revenues and expenditures, involving all the attempts of the govt. to direct its economic operations to […]

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Importance of Elasticity In Our Today’s Life

Importance of Elasticity In Our Today’s Life

Business, Economics January 25, 2015 at 3:59 am 1 comment

IMPORTANCE OF ELASTICITY IN OUR TODAY’S LIFE There is much more importance of the concept of elasticity in our life. The firm which uses advertising to change prices uses the concept of elasticity of demand of its product. Mostly firms set the prices of their product by viewing at the […]

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What Is Goods Market and Factors Market

What Is Goods Market and Factors Market

Business, Economics, Marketing January 19, 2015 at 11:59 am 0 comments

Goods Market and Factors Market Goods/product/commodity markets: Markets used to exchange final good or service. Product markets exchange consumer goods purchased by the household sector, capital investment goods purchased by the business sector, and goods purchased by government and foreign sectors. A product market, however, does NOT include the exchange […]

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Causes of industrial backwardness in Pakistan

Causes of industrial backwardness in Pakistan

Business, Economics January 18, 2015 at 3:58 pm 0 comments

Causes of industrial backwardness in Pakistan Causes of industrial backwardness in Pakistan are different types and nature these problems can be solved with sincere efforts of governments. Following measures are suggested to remove causes of industrial backwardness. SME, promotion Optimum diversification Labour intensive industries Tax concessions Industrial cities Peaceful environment […]

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