Mahatma Gandhi University

~Describtion of national income ~ basis concepts of national income ~Measures of national income ~Methods of measuring national income ~Factor income method ~Expenditure method

Easy way to pass the exam

It is lecture notes of descriptive statistics. This is 1st module based on the syllabus of mg university. You can easily prepare for the exam by learning these documents.Hopefully helpful this.

It is lecture notes of descriptive statistics. This is 2nd module based on the syllabus of mg university. You can easily prepare for the exam by learning these documents.Hopefully helpful this.

It is lecture notes of descriptive statistics. This is 3rd module based on the syllabus of mg university. You can easily prepare for the exam by learning these documents.Hopefully helpful this.

It is lecture notes of descriptive statistics. This is 4th module based on the syllabus of mg university. You can easily prepare for the exam by learning these documents.Hopefully helpful this.

The concept of cost is a key concept in Economics. It refers to the amount of payment made to acquire any goods and services. In a simpler way, the concept of cost is a financial valuation of resources, materials, risks, time and utilities consumed to purchase goods and services.

Baumol's theory of sales revenue maximization was created by American economist William Jack Baumol. It's based on the theory that, once a company has reached an acceptable level of profit for a good or service, the aim should shift away from increasing profit to focus on increasing revenue from sales.

Production function is a concept in economics that explains the relationship between physical output and input. Output refers to the number of goods or services produced in a given time period. Input, on the other hand, is the number of resources or materials that are used to produce output.

Demand forecasting is the prediction of the quantity of goods and services that will be demanded by consumers at a future point in time. More specifically, the methods of demand forecasting entail using predictive analytics to estimate customer demand in consideration of key economic conditions.