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Tag Archives | Production

Capital Formation in India: Definitions, Process, Factors and Rate | Economics

In this article we will discuss about:- 1. Definitions of Capital Formation 2. Process of Capital Formation 3. Factors 4. Rate 5. Reasons for Slow Growth Rate 6. Suggestions. Definitions of Capital Formation: The capital formation actually signifies a very important aspect of economic development. This means making and increasing of more capital goods, such as […]

Capital in Economics: Definitions, Characteristics, Functions, Examples and Importance | Economics

In this article we will discuss about:- 1. Meaning and Definitions of Capital 2. Characteristics of Capital 3. Functions 4. Examples 5. Importance. Meaning and Definitions of Capital: Capital is defined as “All those man-made goods which are used in further production of wealth.” Thus, capital is a man-made resource of production. Machinery, tools and […]

Relation between Average, Marginal and Total Cost | Production | Microeconomics

Basically, we are focusing on two relationships: 1. Relation between Average Cost and Marginal Cost, and 2. Relation between Total Cost and Marginal Cost. Details are as under: 1. Relation between Average Cost and Marginal Cost: Relation between average cost and marginal cost is explained through Table 8 and Fig. 9. Table 8 and Fig. […]

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