Economics
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Essentials of a Good Forecasting System
There are different methods for estimating future demands. These methods differ in costs. Flexibility and the necessary skill and sophistication.…
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4 Alternative Methods of Demand Forecasting
There are some other forecasting methods used by various enterprises in different situations. Each method has its own advantages and…
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Different Methods of Forecasting Demand
Business economists have developed many forecasting techniques to help managers in handling the increasing complexity in management decision making. As…
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Various Approaches of Forecasting Demand for New Products
Forecasting the demand for a new product is entirely different from forecasting demand for an established product. In the case…
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Need and lmportance of Demand Forecasting
The formulation of appropriate and useful production policy is an important aspect for an enterprise. This involves determination of level…
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Steps and Disadvantages of Decision Tree Approach in Capital Budgeting
The decision-tree approach is useful analytical technique in capital budgeting to evaluate risky investment proposal involving sequential decisions. The technique…
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Marshall’s Concept of Quasi-Rent in Economics
The concept of quasi-rent was introduced into economic theory by Marshall. Quasi-rent is nothing but the short-run earnings of the…
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Recardian Theory Of Rent: Rent Does Not Enter Into Price
David Ricardo is the chief proponent of classical theory of rent. He stated that rent is that portion of the…
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How All Rents Are Differential Rents and Scarcity Rents
Several economists stated that rent is the price or reward paid to land for using it in production of goods.…
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Difference Between Personal Income and Disposable Personal Income
Personal Income : Personal income is another important concept in the study of National income. It refers to the actual…
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