Search results
Results From The WOW.Com Content Network
Local nonsatiation (LNS [2]) is often applied in consumer theory, a branch of microeconomics, as an important property often assumed in theorems and propositions.Consumer theory is a study of how individuals make decisions and spend their money based on their preferences and budget.
The fundamental assertion is that there is a maximum amount that "a consumer will give up, of one commodity, to get one unit of another good, in that amount which will leave the consumer indifferent between the new and old situations" [9] The negative slope of the indifference curves represents the willingness of the consumer to make a trade ...
In most simple microeconomic stories of supply and demand a static equilibrium is observed in a market; however, economic equilibrium can be also dynamic. Equilibrium may also be economy-wide or general, as opposed to the partial equilibrium of a single market. Equilibrium can change if there is a change in demand or supply conditions.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Market segmentation is the basis for a differentiated market analysis. Differentiation is important. One main reason is the saturation of consumption, which exists due to the increasing competition in offered products.
The then Delhi Administration with a motto of establishing an Urdu institution to look after the development of the Urdu literature, cultural heritage, educational upliftment, in May 1981 under the Chairmanship of Lt. Governor of Delhi, established this institution as a composite institute with literary, cultural and educational goals.
Taleem-e-Balighan (Urdu: تعلیمِ بالغاں) (lit: Education for Adults) is a 1956 Pakistani social satire TV serial [1] which first aired on PTV in 1966. It was written by Khawaja Moinuddin .
Urdu literature (Urdu: ادبیاتِ اُردُو, “Adbiyāt-i Urdū”) comprises the literary works, written in the Urdu language.While it tends to be dominated by poetry, especially the verse forms of the ghazal (غزل) and nazm (نظم), it has expanded into other styles of writing, including that of the short story, or afsana (افسانہ).