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Latitude: 30.3402
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management articles and institutes scroll down to content. last time we discussed the 8 factors affecting demand. let us today discuss the concept and types of demand schedule. . demand schedule is the tabular presentation showing the relation between quantity demanded and price of the commodity. concept of demand: before discussing the factors affecting demand, let us discuss the concept of demand. demand is the ability and willingness to buy a product at given price and a particular time. the word demand is different from the want and the word desire. want means that a person has the money but he does not want to spend. desire is just a wish; it means that a person does 1.time 2. price that is why demand is the ability and willingness to buy a product at given price and a particular time. continue reading. last time i have discussed about the concept and nature of utility. today i will discuss about the types of utility approach. utility approach is basically of 2 following types: continue reading “types of utility approach” dear friends let us first discuss the concept or meaning of utility. utility may be defined as the want satisfying power of a good. a commodity is demanded because of the want satisfying power of a commodity as long as good satisfy human want they set to possess. continue reading “concept and nature of utility” today we will discuss the concept of opportunity cost with the help of examples. the concept of opportunity cost was developed by austrian school of economics. later on it was popularized by american economist. last time we have discussed the types of economics. today we will discuss the difference between positive economics and normative. it deals with the economic issues of past, present and future and tells about what was, what is, what would be. positive economics is basically based on the facts and figures which can be verifiable. for example india is the second largest populated country; it is a positive statement nobody can deny it as it is based on the facts and


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