NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
CONCEPT OF COLLUSIVE AND NON-COLLUSIVE OLIGOPOLY COLLUSIVE OLIGOPOLY A collusive Oligopoly is a market in which firms cooperate with each other in determining the price. Further, they follow a common price policy and do not compete with each other. In other words, it is a form of market in which there are few firms in […]
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AVERAGE FIXED COST, AVERAGE VARIABLE COST AND AVERAGE TOTAL COST Average Fixed Costs (AFC): Average fixed cost refers to the per unit fixed cost of production. It is calculated by dividing TFC by total output i.e., AFC=TFC/Q where, AFC = Average Fixed Cost TFC = Total Fixed Cost Q = Quantity of output. Average Variable
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IMPORTANCE AND MEANING OF CONSUMER EQUILIBRIUM The term equilibrium defines a state of rest from where there is no tendency to change anything. A consumer is observed to be in the state of equilibrium when he/she does not aspire to change his/her level of consumption i.e. when he/she attains maximum satisfaction. Therefore, consumer equilibrium refers
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DIFFERENCE BETWEEN SUNDRY DEBTORS AND SUNDRY CREDITORS Sundry Debtors Debtors or ‘receivables’ are customers who owe funds to the company. They have purchased goods on credit and, payments are yet to be made by them. Sundry debtors, also known as ‘sundry receivables’ refer to a company’s customers who rarely make purchases on credit and the
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BURDEN OF PROOF AS PER INDIAN EVIDENCE ACT 1872 ALL YOU NEED TO KNOW BURDEN OF PROOF As per section 101. The burden of proof. – Whoever desires any Court to give judgment as to any legal right or liability dependent on the existence of facts which he asserts, must prove that those facts exist.
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NO DISTANCE COURSE FROM DEEMED UNIVERSITIES FROM 2018, SAYS SUPREME COURT The Supreme Court said no course-specific approvals will be granted for distance learning courses to off-campus centres unless they are individually inspected by the statutory authorities. CEV TECHNO NEWS (New Delhi) : The Supreme Court today restrained all deemed universities across the country from
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