Measures to Control Inflation

There are several steps to effectively control inflation before it gets out of hand. Given that inflation shows the imbalance between supply and demand of goods at current prices so that measures be taken to reduce demand or increase supply of goods and services. The...

The Economics Perspective

The economics view the things with different perspective, every human being in the world want to blessed with the resources present in the World but unfortunately this is not possible due to the scarcity of resources. The scarcity of resources in terms of limited...

Price Adjustment Strategies

The price adjustment strategies relate to all the strategies implemented by an organization that takes into account the differences between customers and rapidly changing. The price adjustment strategies are: geographical pricing, psychological prices, segmented...

Factors Affecting Consumer Behavior

Consumer behavior refers to the selection, acquisition and consumption of goods and services to meet their needs. There are different processes involved in consumer behavior. Initially, the consumer tries to find what products you would like to consume, then select...

Types of Goods

Goods are the products that are made to fulfill the market needs and can be sold by a seller to a buyer for some monetary value. There are two types of goods free good and economic goods. Free goods are those which are not scarce and therefore such good are of...