Full form of BOT is Balance of Trade. It refers to the difference between the value of a country’s exports and the value of its imports.... View Article
BEP stands for Break Even Point. It is the point at which the revenues earned equals the expenses incurred during an accounting period. Also... View Article
CIF stands for Cost Insurance and Freight. It represents the charges that are paid by a seller towards cost, insurance and freight for the... View Article
CPU stands for Central Processing Unit. It contains the basic arithmetic, logic and control elements of a computer which is very essential for... View Article
CPA stands for Certified Public Accountant. Also read: Types of Errors in Accounting Accounting for Not for Profit Organisation Balance... View Article
Technology leads to an increase in the efficiency of the production process which results in the shifting of the supply curve to the right. With... View Article
If the demand remains constant, then the increase in price will result in a decrease in the equilibrium price and increase in the equilibrium... View Article
Supply curve is shifted due to the change in the supply. An increase in the change in supply leads to the supply curve being shifted to the... View Article
When the supply and demand of a product increases, there will be increase in the quantity of products and the price of the product will be... View Article
Shifts in either demand or supply lead to changes in the demand and supply. Any changes in the demand and supply curve results in changes in the... View Article
The following factor may impact or change the market equilibrium: Increase in income Lower price of a complementary product (good) Higher... View Article
Errors in accounting can be of the following types: Errors of Omission Errors of Commission Errors of principle Compensating errors Also... View Article
The examples of supply and demand can be understood with the following examples There is an abundance of mangoes in the summer season which is... View Article
The changes in the market equilibrium is caused due to the changes in the demand and supply. Also read: Consumer Equilibrium Indifference... View Article
A company which is involved in the selling of mangoes will have an equal supply and demand in summer. But after the summer season the demand for... View Article
Supply and demand are two opposite forces in a market. Equilibrium price is determined when the supply and demand intersect each other. Market... View Article
Market equilibrium is achieved when the demand and supply curves intersect each other. At this point the demand and supply are equal. The... View Article
No, the Indifference curve is convex to the origin as the consumer starts to prefer using one good more than another. Also read: Consumer... View Article
