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Use of Machineries: Advantages and Disadvantages | Production | Economics

In this article we will discuss about the advantages and disadvantages of use of machineries in production. Advantages of the Use of Machineries: There are several advantages in the use of machineries — the chief of which are the following: (a) Large-scale production of goods owing to the power of machines to multiply products (e.g., […]

Use of Computers in Economic Analysis and Forecasting

In this article we will discuss about the Use of Computers in Economic Analysis and Forecasting. Introduction to Computer: Computers are now-a-days often used in mak­ing complicated investment decisions. As we add more branches to the decision tree, we reduce our ability to analyse problems quickly. However, the rapid development of sophisticated computer equipment has […]

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