Cost of Production
Ajit Kumar The expenditure on the inputs of production, both factor and non-factor, for the production of a commodity is called the cost of production. Examples of factor inputs are land, labour,…
microeconomics
Understanding Microeconomics: An Introduction to the Study of Individual Economic Behavior
Microeconomics is a branch of economics that focuses on the study of individual economic behavior. It is concerned with the decisions made by individuals, households, and firms, and how these…