Distribution and Factor Pricing
by The modern theory of factor pricing provides a satisfactory explanation of the problem of distribution. …
Tag: Organizational Behaviour
Interest Theories: Gross and Net Interest, Classical Theory of Interest, Loanable Funds Theory, Liquidity Preference Theory
1. Productivity Theory: According to productivity theory, interest can be defined as a reward for …
Wages Theories: Subsistence Theory of Wages, Wage Fund Theory, Residual Claimant Theory and Marginal Productivity Theory
The workers are paid wages or salaries for the work done by them. Thus, the …
Quasi Rent Theory
The concept of quasi-rent was given by Alfred Marshall. He defined quasi rent as surplus …
Ricardian Theory
David Ricardo, an English classical economist, first developed a theory in 1817 to explain the …
Profit: Accounting and Economic Profit. Dynamic Theory of Profit: Risk-bearing Theory, Uncertainty Bearing Theory and Innovation Theory
The term profit has distinct meaning for different people, such as businessmen, accountants, policymakers, workers …
Theory of Marginal Productivity
In the words of J.B. Clark, “Under static conditions, every factor including entrepreneur would get …
Factor Pricing
Factors of production can be defined as inputs used for producing goods or services with …
Price discrimination in monopoly
Price discrimination is a selling strategy that charges customers different prices for the same product …
Equilibrium of Firm and industry under Perfect competition
According to R.L.Miller, “Firm is an organisation that buys and hires resources and sells goods …