Balance of trade
Balance of trade It is defined as net export i.e. relative export to import. It is systematic records of
Income elasticity of demand greater than one
If the percentage change in quantity demand is greater than the percentage change in income
Monopoly Market
Monopoly Market: Meaning: Monopoly market is the market structure where there is large no. of buyers and a single
Concept of market economy
The economy led by market is called market economy. In this economy, all economic activities are performed by