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GAURANG KHUNT
JAYESH UTTEKAR JAY KARELIA PRITESH PASAD
CONTENTS
MARKET FORMS
EQUILIBRIUM PRICE
Features
Individual analysis
Marginal analysis
Importance
Working Price
determination policies
Economics Helps
in business planning
International
Social
trade
welfare
Limitations
Unrealistic assumptions
Wrong conclusion Pure capitalism
Consumer behavior
Consumer
behavior is a study of individuals groups or organizations and the processes they use to select secure and dispose of products, services ,experiences to satisfy needs of consumer and society.
Types of utility:
Form
Utility
Possession
Utility
Time
Utility
Service
Utility
Place
Utility
Knowledge
Utility
Features of utility
Utility
Is A Subjective Term
Utility
Utility Utility Utility Utility
Is A Relative Term
Is Multipurpose Is Different From Satisfaction Is Different From Usefulness Is Different From Pleasure
Demand analysis
Demand in economics refers to desire for a commodity backed by ability to pay and willingness to buy that commodity
Types of demand
Direct Demand Indirect Demand Individual Demand Market Demand Joint & Complimentary Composite Demand
of the product of buyers & population growth level & tax structure & festival
Number Taxation
Customs
Innovation Standard
of living
Supply Analysis
The term Supply means quantity of the commodity that a firm is willing and able to sell at a given price per unit of time
adoption
of production
Foreign Self
trade policy
consumption condition
Natural Price
of a product
Market forms
Market is a commercial place where there are
large number of buyers and large number of sellers comes into close contacts directly or indirectly to transact there goods.
Types of market
Perfect
competition competition
Monopolistic
Oligopoly
Duopoly Monopoly
situation
where there is no
monopoly at all
Homogeneous product
sellers
Homogeneous product Freedom of entry & exit
Equilibrium price
The Equilibrium Price is the price where the total demand is exactly equal to total supply. The equilibrium price is the single price which prevails in the market and the buyer and the seller has to accept it.
Market Period
Short Run Period Long Run Period
Conclusion
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