02Dec 2018 by admin

What is called as the Contraction of Demand?

Essays
Contraction of demand is just opposite of its expansion while a decrease in demand is just opposite of an increase in it. Other things remaining unchanged, less of a product is demanded at a higher price. Fall in demand caused by a rise in price of the product is called ‘contraction of demand.’ Figure 2.10 demonstrates it.On the other hand, ‘decrease in demand’ refers to a fall in the quantity of the product demanded due to a negative or unfavorable change in one of the shift-factors, namely, income of the consumers or prices of related goods, or tastes, preferences and fashions while product price remains as before.When quantity demanded of a good in common consumption decreases in response to a decrease in purchases made by some individuals out of pride,…
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02Dec 2018 by admin

Comparison between Wide Spans and Narrow Spans of Management

Management
Span of management directly affects the number of levels in the organization. Wider spans of management lead to flat organization, whereas, narrow spans of management result in tall organizational structure.Comparison between Wide Spans and Narrow Spans of Management are given below:A narrow span (tall organizational structure), which results in many levels in the organization, creates problems both in terms of cost and efficiency. First, the levels are very expensive because they require more supervisory staff, which leads to larger expenses in the form of executive remuneration. Expense is further increased on the account of additional subordinates for a larger number of managers.Hence, in both executive and operative level, the cost increases. Secondly, communication in a tall organization has several limitations. Communication through scalar chain has to travel various levels, which…
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02Dec 2018 by admin

What are the 3 Main Functions of Primary Market? – Expaliend!

Finance
The main functions of primary market are described below: 1. Organisation of New Issues: The organisation of new issues requires investigation of viability and prospects of new projects. An important element of the organisation of new shares is the knowledge about adequacy and structure of financial arrangements.The structure of financial arrangements involves requirements and availability of promoter’s equity, equity from public, debt-equity ratio short term funds, liquidity ratio, and foreign exchange requirement. All this requires a careful study of the new issue by competent and well trained staff. Image Source: wallworkshop.com 2. Underwriting of New Issues: ADVERTISEMENTS: Another step involved in floating a new issue is its underwriting. The term underwriting means guaranteeing purchase of a specified amount of new issue at a fixed price. The purchase may be for…
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02Dec 2018 by admin

Essay on International Criminal Law and International Criminal Court

Trade
Here is your essay on International Criminal Law and International Criminal Court in Present Age:International law is a body of rules and principles which regulate the conduct and relations of the members of international community there are many factors which led to the development of law in 19th and 20th centuries. ADVERTISEMENTS: The relation of the state and their mutual contracts has greatly increased during the said period and many rules and principles were formulated on the basis of the practice of states and the needs and requirements of the changing times and circumstances in this period witnessed the birth, growth and development of public International Law as a universal face or a legal system to reckon with.The modern International Law as a definite branch of jurisprudence there has been…
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02Dec 2018 by admin

Short essay on the influence of advertising on todays modern multidimensional economy

Advertising
Advertising has a great influence on the people. The consumers first come to know about the product, they get educated about the qualities of the product as well as its utility. They are persuaded to buy it.Publicity and advertisement are the means of communication which an organisation adopts to educate the public about its various activities.The scope of publicity and advertisement is gaining credence in the modern concept of business and public contacts. ADVERTISEMENTS: In the modern multidimensional economy which has become univer­sally competitive, the publicity has to play a very important role.It is through publicity only that we come to know about various products.Publicity brings cost effectiveness, competitive quality of a product, various utilities of a product and their prices, sale-schemes etc. Image Source:2.bp.blogspot.com ADVERTISEMENTS: Through publicity, we can…
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02Dec 2018 by admin

Essay on the importance of Information technology

Management
Today, the term Information Technology has ballooned to encompass many aspects of computing and technology, and the term is more recog­nizable than ever before. The Information Technology umbrella can be quite large, covering many fields.IT professionals perform a variety of duties that range from installing applications to designing complex com­puter networks and information databases. A few of the duties that IT professionals perform may include:1. Data Management ADVERTISEMENTS: 2. Computer Networking3. Database Systems Design4. Software design ADVERTISEMENTS: 5. Management Information Systems 6. Systems management Image Source:wes.co.inPhone and Mobile Phone :Telephone is an electronic equipment that converts sound into electrical signals that can be transmitted over distances and then converts received. Now days phone is main communication device. ADVERTISEMENTS: The mobile phone is a short-range, electronic device used for mobile voice…
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02Dec 2018 by admin

Advantages and Disadvantages of Foreign Trade in India – Explained!

Economic Development
Main Advantages and Disadvantages of Foreign Trade in India are described below: Advantages: 1. Optimal use of natural resources: Foreign trade helps each country to make optimum use of its natural resources. Each country can concentrate on production of those goods for which its resources are best suited. Wastage of resources is avoided. Image Source: civilengineeringbasic.com ADVERTISEMENTS: 2. Availability of all type of goods: It enables a country to obtain goods, which it cannot produce or which it is not producing due to higher costs, by importing from other countries at lower costs.3. Specialisation: ADVERTISEMENTS: Foreign trade leads to specialization and encourages production of different good in different countries. Goods can be produced at comparatively low cost due to advantages of division of labour.4. Advantages of large-scale production: Due to…
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02Dec 2018 by admin

7 Important Demerits of Free International Trade

Budget
The important demerits of free international trade are listed below:(i) Free trade works against developing countries. Developing countries export primary products whose income elasticity and demand elasticity is very low. Changes in supply and demand conditions leads to wild fluctuations in prices and revenue of exports of developing countries. This creates adverse impact on the domestic markets of developing countries. Terms of trade moves against LDCs, which leads to transfer of income from developing countries to developed countries. ADVERTISEMENTS: (ii) Entry of multinational companies will wipe out indigenous sector before they can become strong enough to compete.(iii) Free trade will encourage consumerism, thereby distorting the national priorities. Products, which are not at all necessary, will be imported by spending scarce foreign exchange. Image Source: i.ytimg.com(iv) Free trade will encourage specialization…
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02Dec 2018 by admin

Short essay on career opportunities in the computer profession in India

Industry
If you’re interested in obtaining computer-related employment, welcome to a relatively “hot” job market.The demand for computer professionals in government and industry has been booming over the past 10 to 15 years, and this general trend is expected to continue well into the 1990s. ADVERTISEMENTS: Both the increasing dependence of organizations on computing and communications technologies and the rapid proliferation of technology products in the marketplace have created more opportunities for computer-related careers than ever before. The explosive demand for computer professionals has been accompanied by an unusually acute shortage of qualified people, a trend that is also expected to persist for some time. A major cause of this shortage is the dwindling supply of teachers in the field. Image Source:pstcc.eduBecause graduates of computer fields can earn almost as much…
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02Dec 2018 by admin

Different ways to classify computers – Essay

Communications
There are many ways to classify computers. Virtually all modern computers are electronic. Three other ways to classify computers are according to whether they are digital or analog, central or specialized processors, or full- instruction-set or reduced-instruction-set processors.1. Digital versus Analog : ADVERTISEMENTS: A digital computer is one that counts; an analog computer is one that measures. Counting and measuring, which are the most basic types of computation, were with us long before computers existed.When we observe that there are 15 people in a room, for example, we are counting. Entities; such as people, books, and dollars are capable of being counted. Image Source:pluto.ksi.eduWhen we estimate that there are 10 gallons of fuel in a gas tank, on the other hand, we are measuring; there may actually be 10.0001,9.872, or…
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