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Economics FROM 4 ART
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Economics FROM 4 ART : Programme
CHAPTER 1 : ECONOMICS OF SCALE
COMBINING THE FACTORS OF PRODUCTION
THE LAW OF DIMINISHING RETURN
TYPES OF OUTPUT
RELATION IN TP AND AP
CHOICE OF FACTOR COMBINATION
IMPORTANCE OF THE LAW OF DIMINISHING RETURNS
MERITS OF THE LAW OF VARIABLE PROPORTION
HOW TO CALCULATE CHANGES IN SCALE
SCALE OF PRODUCTION
FACTORS THAT DETERMINES THE SIZE OF A FIRM
COST OF PRODUCTION
CLASSIFICATION OF A COST
CHAPTER 2 : REVENUE CONCEPT
1) Total Revenue (TR)
2) Average Revenue
DISTRIBUTION OF GOODS AND SERVICES
TYPES OF DISTRIBUTING CHANNEL
REASONS FOR THE PRODUCERS CHOICE OF THE DISTRIBUTING CHANNEL
MIDDLEMAN
SMALL SCALE RETAIL UNITS
ADVANTAGES OF AUTOMATIC VENDING MACHINE
LARGE SCALE RETAIL UNITS
CHAPTER 3 :BUSINESS UNIT(ORGANISATION)
TYPES OF BUSINESS ENTERPRISES
PARTNERSHIP
THE JOINT STOCK OR LIMITED LIABILITY COMPANY
PUBLIC LIMITED COMPANY
SOURCES OF FINANCE
DEBENTURES
DIVIDEND
CO-OPERATIVE SOCIETIES
PUBLIC ENTERPRISES
NATIONALISATION
PRIVATISATION
PRIVATISATION
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