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Demand
It is the quantity of goods and services which consumers want and are able to purchase at a particular price. As we know demand for a commodity changes. For example if the price were to go up it is likely that the demand will reduce. So demand is inversely related to the price of a commodity. An...
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Comparative Advantage
 Comparative Advantage is the ability of an entity, for example a firm or even a country, to produce wealth by doing what they do best.  The production of these goods and services will benifit the entity. By focusing on such goods and services the entity is able to trade the surplus for...
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Financial Analysis
 By analysis of the financial statements of a company we can get an insight into its health. Typically during such an analysis we will look at the sales revenue, the operating and production costs, the profit/earning ratios, the retained earnings, the assets and liabilities, the equity income,...
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Assets
Assets are things of value owned by a person or a business. Examples of assets are cash, securities, property, accoounts receivable etc.
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Assets
Assets are things of value owned by a person or a business. Examples of assets are cash, securities, property, accounts receivable etc. Assest can be both tangible and intangible. Examples of tangible assets are current assets like cash and fixed assets like real estate and equipment. Goodwill is...
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Introduction
Economics is a social science. It starts with the assumption that human beings will work towards fullfilling their self interest. The study of modern economics was first started by Adam Smith who examined the reasons for some nations prospering while others not being able to do so...
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Capital
Capital is the wealth of an individual or a company in terms of cash, property and other valuables.
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Cash Flow
At a given point of time we can understand the financial status of a company by looking at its cash flow statement. Cash inflow takes place due to operations like sales of products and services, and finance like raising of funds through sales of bonds and shares. Cash outflow is due to expenses and...
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Introduction to Central Tendency
Data normally has a tendency to group around its middle numbers. So if you were to gather a random group of men, you will notice that while a few are quite tall and another few are short, most will be about the average height of the group. Some number in the middle of the heights of the group will...
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Introduction to Competition
It is believed that competition between firms selling the same products and services will lead to the consumer getting the best price. So competition is struggle between firms to win the patronage of the consumer. 
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