Economics

Modern theory of rent is an amplified and modified version of the Ricardian theory of Rent. It was first of all discussed by J.S. Mill and after that developed by

A break-even analysis is a financial tool that helps an organization or firm to determine the stage at which the company, or a new service or a product, will be

Before understanding what is Diminishing Marginal Utility? Let’s know what exactly is utility. The utility can be defined as the power of commodity or services which satisfies human needs. It

In general terms, Market refers to a particular place where buyers and sellers get together to purchase and sell goods. WHAT IS MARKET IN ECONOMICS? In economics, the term market

Ricardian Theory of Rent: Meaning, Assumptions,  Determination, Criticism, Conclusion are explained in detail below. Ricardian Theory of Rent Meaning The classical economist David Ricardo first propounded the theory of rent

In this article, we will explain how the Modern Theory of Rent is an amplified and modern form of the Ricardian Theory of Rent. Modern economists have amplified and modified

To understand and verify “perfect competition is a myth but monopolistic competition is reality” statement, it is essential to study the meaning as well as features of perfect competition and