Money: Money is an item which is generally acceptable as a means of payment. Characteristics of Money: General Acceptability: All…
Olevel Economics
Prices are determined through the forces of demand and supply of a product or service. Demand: It is the willingness…
Price Elasticity Of Demand, measures the responsiveness of demand to a change in price. The formula used to calculate (PED)…
Knowledge of Price Elasticity would help the producer in many ways while making a decision such as: Pricing Policy: The…
Stock Exchange is an organization / marketplace, for the sale and purchase of shares and other securities. Stock Brokers: Those…