This article resorts to explain in much clear manner the Ricardian theory of rent. Before starting this article, we recommend first be familiar with the concept of land rent and economic rent (Click Here to Read), which will make your learning journey more easy and smooth. Wish you all the
Efficient Market Hypothesis & Different Forms
The efficient market hypothesis is a very important theory in finance. This article attempts to explain about efficient market hypothesis, its different forms along with the paradox and implications. What is Efficient Market Hypothesis? What are the different forms of efficient market hypothesis? Paradox of Efficient Market Hypothesis What are the Economic Implications of
What is Economic Rent?
Before explaining economic rent, it is better to explain the different uses of term rent in different time phases. I think it will be more helpful to fully understand the meaning of land as used in economic profession. So, let's first know what the term land refers to in economics. What
Say’s Law of Market
Say's law of market is a very famous classical theory of employment. It is said that Say's law of market and the quantity theory of money are the two building blocks of complete classical theory of income determination. Say's law of market explains the supply side of an economy while
How does a Multi-product Firm Maximize its Profit?
In our earlier post we have discussed about profit maximizing conditions of single-product firm. But in real world, business firm produces more than one product. In this post, we will discuss about the profit maximizing conditions of a multi-product firm. Also note that equilibrium of a firm equally means profit