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Fundamental of Economics

Economics is considered a social science which deals with the production, distribution, and consumption of goods and services.

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Fundamental of Economics | fundamentaleconomics.blogspot.com Reviews

https://fundamentaleconomics.blogspot.com

Economics is considered a social science which deals with the production, distribution, and consumption of goods and services.

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Fundamental of Economics: June 2010

https://fundamentaleconomics.blogspot.com/2010_06_01_archive.html

Saturday, June 5, 2010. Overview of National Income. Definition of National Income:. 8220;National income is the labor and capital of a country, acting on its natural resources; produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds.”. According to Fisher, “The national income consists solely of services as received by ultimate consumers, whether from their material or from their human environments.”. Gross National Product (GNP):. The income appr...

2

Fundamental of Economics: September 2010

https://fundamentaleconomics.blogspot.com/2010_09_01_archive.html

Wednesday, September 22, 2010. Short Run and Long Run Costs (Variable and Fixed Costs). Total, Average and Marginal Costs. Total costs of a firm are the sum of its total variable costs and total fixed costs. Thus,. Total costs (TC) = Total variable costs (TVC) Total fixed costs (TFC). Average cost (per unit cost) is the total costs divided by the number of output produced. Therefore,. Average cost (AC) = Total costs ÷ Number of output. Average fixed cost (AFC) = Total fixed costs ÷ Number of output.

3

Fundamental of Economics: Cost of Production

https://fundamentaleconomics.blogspot.com/2010/09/cost-of-production.html

Wednesday, September 22, 2010. Short Run and Long Run Costs (Variable and Fixed Costs). Total, Average and Marginal Costs. Total costs of a firm are the sum of its total variable costs and total fixed costs. Thus,. Total costs (TC) = Total variable costs (TVC) Total fixed costs (TFC). Average cost (per unit cost) is the total costs divided by the number of output produced. Therefore,. Average cost (AC) = Total costs ÷ Number of output. Average fixed cost (AFC) = Total fixed costs ÷ Number of output.

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Industrial Business Management: Functions of Management

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Monday, February 22, 2010. Can be defined as “Process of planning. The resources of an organization in the efficient and effectiv. E pursuit of specified organizational goals. The various definitions of Management are given below:. Louis Allen “Management is what manager does.”. F W Taylor “Management is knowing exactly what you want men to do and then seeing that they do it in the best and efficient way.”. Marry Parkar Follet “Management is the art of getting things done through people.”. Identification...

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fundamentaleconomics.blogspot.com fundamentaleconomics.blogspot.com

Fundamental of Economics

Economics is considered a social science which deals with the production, distribution, and consumption of goods and services. Wednesday, September 22, 2010. Short Run and Long Run Costs (Variable and Fixed Costs). Total, Average and Marginal Costs. Total costs of a firm are the sum of its total variable costs and total fixed costs. Thus,. Total costs (TC) = Total variable costs (TVC) Total fixed costs (TFC). Average cost (AC) = Total costs ÷ Number of output. Marginal cost (MC) = Change in total costs &...

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