Limitation of diminishing marginal utility
Limitation of diminishing marginal utility:
Income, taste and habit: When income , taste
Perfect Competition Market
Perfect Competition Market: Meaning: The perfect competition is the structure of market in which there are large no.
Weighted price index
Weighted price index The price index constructed by giving different weights to different commodities is called weighted price index.
Limitations (Criticisms) of Optimum Theory
The Optimum Theory of population has following limitations:
The optimum theory is based on economic