Economies of scale in economics  It is a type of advantage, in terms of production cost, given industry or business achieve when they substantially increase the volume of production of…

Elasticity and inelasticity of demand and supply is a subject matter of micro economics. If the demanded quantity changes in response to the changes in other variables like taxes or…

Not all the time, market is left on the vagaries of sentiments of surplus seeking consumers and producers. If the volatility breaks the tolerance range, government has to step in…