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CBSE Class 12 Economics Notes : Market Equilibrium

Market Equilibrium 1. Market Equilibrium It is a situation of the market in which demand for a commodity is exactly equal to its supply. 2. Equilibrium Price...
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CBSE Class 12 Economics Notes : Theory of Firm Under Perfect Competition

Theory of Firm Under Perfect Competition 1. Perfect Competition A markeL in which we find perfect competition between a large number of buyers and a large number...
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CBSE Class 12 Economics Notes : Production and Costs

Production and Costs 1. Production It is the transformation of resources into commodities. 2. Production Function Production function studies the functional relationship between physical input and physical output. Y =F(L.K) Here...
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CBSE Class 12 Economics Notes : Theory of Consumer Behavior

Theory of Consumer Behavior 1. Utility Utility is the want satisfying power of the commodity. 2. Marginal Utility The marginal utility of a commodity is the change...
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CBSE Class 12 Economics Notes : Microeconomics Introduction

Introduction to Microeconomics Economy Economy refers to the nature and level of economic activities in an area. It shows how the people of the concerned area earn their...
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CBSE Class 12 Maths Notes : Differentiation

Derivative The rate of change of a quantity y with respect to another quantity x is called the derivative or differential coefficient of y with...
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CBSE Class 12 Business Studies Notes : Entrepreneurship Development

Points to Remember 1. Introduction Entrepreneurship is process of setting up one's own business. The person who sets up business is called on entrepreneurship. 2. Meaning...
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CBSE Class 12 Business Studies Notes : Consumer Protection

Points to Remember 1. Consumer A consumer is generally understood as a person who uses consumer goods or avails any service. 2. Consumer Protection It means protecting...
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CBSE Class 12 Business Studies Notes : Marketing

Points to Remember 1. Market It refers to the 'set of potential and actual buyers of a product or service'. 2. Customer It refers to the people...
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CBSE Class 12 Business Studies Notes : Financial Market

Points to Remember 1. Financial Market Financial market is a link between surplus and deficit units or in other words financial market brings together lenders...