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
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...
Production with Fixed Input
After the basic concept of Production Function and Production Decision. We now move on to Production techniques with one variable or you can also name it as Production Techniques in the Short-Run. One of the Most basic Example of Inputs of Production used is the...