All that you need to know about Economics
Econtutorials is a hub of articles, notes, lectures, manuals and online coursesĀ of Economics that will guide you from its very basic terms to advance methods of solving quantitative problems.
Domains of Economics
Production: What is Average and Marginal Product ?
Why do we need to know about Average and Marginal Product ? When we are talking about Production with One variable or in other words when we a firm is producing something with the limited constraint of having a fixed variable , say Capital in the Short-Run. Also, only...
Monopoly: What you really need to know about Monopolists?
We use this word of monopoly commonly in our lives. Sometimes we are referring a person having a monopoly power and other times speaking in the language of business and Economics, Firms having monopoly power. So what is this Monopoly Power ? They say that Monopolists...
Cost: Economies of Scope
Economics of Scope A condition in which a combined output of a Single Unit/Firm can produce more than Two different firms which produces the same product. There are valid possibilities of such firms which has Economics of Scope. For Example: Automobile Production...