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THE PURPOSE AND BASIS OF LIFE INSURANCE

nyololo November 27, 2020 THE PURPOSE AND BASIS OF LIFE INSURANCE2020-11-27T16:14:49+00:00 No Comment
The traditional belief is that a contract of non-indemnity insurance such as life assurance is not primarily intended to serve the insured’s pecuniary interests....Read more »

Ways Of Price Determination

nyololo August 12, 2020 Ways Of Price Determination2020-08-12T11:06:45+00:00 No Comment
  Price mechanism Under this, the price of the market is determined by the free interaction of the forces of demand and supply and...Read more »

Theory of supply

nyololo August 12, 2020 Theory of supply2020-08-12T10:57:17+00:00 No Comment
Supply means the quantity of goods services a producer is willing and able to offer for sale in the market at the prevailing price...Read more »

REASONS FOR CHANGE IN DEMAND

nyololo April 25, 2020 REASONS FOR CHANGE IN DEMAND2020-04-25T16:40:36+00:00 No Comment
Change in the consumer’s level of income When the consumer’s level of income increase, demand will also increase because of the increase in purchasing...Read more »

Types of Profits

nyololo April 25, 2020 Types of Profits2020-04-25T16:38:44+00:00 No Comment
Normal Profit or Zero Profit TR = TC. This is a return which is just necessary to cover all its cost of production. Normal...Read more »

FUNCTIONS OF TRADE UNIONS.

nyololo April 10, 2020 FUNCTIONS OF TRADE UNIONS.2020-04-10T04:50:35+00:00 No Comment
To demand for increase in wages. Improvement in working conditions. Helps to fight job loss. Helps to fight unfair dismissal. Helps to protect against...Read more »

Theories of Wage Determination

nyololo April 10, 2020 Theories of Wage Determination2020-04-10T04:47:37+00:00 No Comment
Subsistence theory of wages This theory was presented by the physiography and was explained by a German economist Sallee. This theory may be known...Read more »

Wages Fund Theory

nyololo March 8, 2020 Wages Fund Theory2020-03-08T11:22:03+00:00 No Comment
This theory is associated with the name of Mill. According to him, a wage fund is created and the wages are paid by...Read more »

Systems of Wage Payment

nyololo March 8, 2020 Systems of Wage Payment2020-03-08T11:20:34+00:00 No Comment
Pieces rate system: This is a system whereby a worker is paid according to the work the quantity of output produced. Advantages More...Read more »

CAUSES OF ECONOMIES OF SCALE

nyololo March 8, 2020 CAUSES OF ECONOMIES OF SCALE2020-03-08T11:19:45+00:00 No Comment
To improve production technique (applying up to date technology) Efficiency utilization of resourses Full improvement of resourses Availability of reliable market Effectively and economically...Read more »
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Recent Post

  • THE PURPOSE AND BASIS OF LIFE INSURANCE
  • Ways Of Price Determination
  • Theory of supply
  • REASONS FOR CHANGE IN DEMAND
  • Types of Profits
  • FUNCTIONS OF TRADE UNIONS.
  • Theories of Wage Determination
  • Wages Fund Theory
  • Systems of Wage Payment
  • CAUSES OF ECONOMIES OF SCALE

Popular Posts

  • Theory of supply
  • REASONS FOR CHANGE IN DEMAND
  • THE PURPOSE AND BASIS OF LIFE INSURANCE
  • FUNCTIONS OF TRADE UNIONS.
  • Systems of Wage Payment
  • Theories of Wage Determination
  • Ways Of Price Determination
  • Types of Profits
  • Wages Fund Theory
  • Relationship Among Total, Average and Marginal Product:
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Recent Posts

  • THE PURPOSE AND BASIS OF LIFE INSURANCE
  • Ways Of Price Determination
  • Theory of supply
  • REASONS FOR CHANGE IN DEMAND
  • Types of Profits

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