Demand for a commodity that arises on its own out of a natural desire to consume or possess the commodity is called ___ Posted on:
If company XYZ plans to launch a new product called ZZ Milk in the face of other competitors, the company ’s decision makers may need to investigate and analyse the production related issues and the ___ Posted on:
Economic profit makes provision for depreciation, necessary minimum payment to shareholders and ___ Posted on:
The areas of business issues to which economic theories can be directly applied is divided into two broad categories, and they are operational and Posted on:
Unlike accounting profit, economic profit takes into account both the imputed costs and __ costs Posted on:
