Market Economy and Demand

• Features of Market Economy

1.  Right of Private Prop...}
   Akshamala

Types of Demand

• Types of demand

1.  Price demand
2. Income dem...}
   Akshamala

Law of Demand and Derivation

• Limitation of law of demand

1. Price or Shortage Expectat...}
   Akshamala

Change In Demand and Reason Behind Downward Slopping Demand Curve

• Reason behind sloping demandcurve downward

1. Income effe...}
   Akshamala

Supply and Law of Supply

• Assumption of law of supply

1. No change in cost of produ...}
   Akshamala

Derivation of Supply and Change in Supply

1. The quantities of goods supplied by an individual to the market to sell it at a different p...}
   Akshamala

Factors causing Shift in Supply and Interaction between Demand Supply

Factors causing Shift in Supply Curve

1. Cost of factors of production...}
   Akshamala