The Factor Price Equalization (FPE) theorem is an economic concept that suggests that under certain assumptions, the prices of factors

In economics, a social welfare function is a theoretical concept that aims to represent the overall well-being or welfare of

Adverse selection and moral hazard Adverse selection and moral hazard are two important concepts in economics, particularly in the field

Tobin’s Q theory, named after the Nobel laureate economist James Tobin, is a concept in economics that relates to the

CONCEPT OF DEMAND The concept of demand was given by Alfred Marshall in 1890s in his book “Principles of Economics”. According to

Article Shared by  In this article we will discuss about the elasticity of substitution in a firm. Let us suppose

Article Shared by  According to Prof. Harvey Leibenstein the overpopulated and underdeveloped countries are characterized by the vicious circle of

Article Shared by  The Envelope theorem is explained in terms of Shepherd’s Lemma. In this case, we can apply a

Article Shared by  The below mentioned article provides an overview on the Solow’s model of growth. Introduction: Prof. Robert M.