Chapter 1 Introduction - Class 11th
Consumer's Equilibrium and demand Consumer’s equilibrium - meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibr...
Chapter 2 Consumer Equilibrium - Class 11th
Introduction Concept Who is Consumer ?? A consumer is one who buys goods and services for satisfaction of wants. Cardinal utility approach Ordinal utility approach ...
Introduction Goods are demanded because they have the capacity to satisfy our wants. But, every want of a consumer cannot be called a demand. Demand does not mean mere desire f...
Chapter 5 Production Class 11th Commerce
Concept INTRODUCTION We are aware that both consumers and producers are needed for smooth functioning of an economy. In the previous three chapters, we focused our attention ...
 Concept INTRODUCTION In the previous chapter, we studied the various concepts and laws related to the behaviour of product. A firm uses various inputs to produce goods ...
Chapter 7 Revenue 11th Commerce
Concept MEANING OF REVENUE The amount of money that a producer receives in exchange for the sale proceeds is known as revenue. For example, if a firm gets 16,000 from sale of...
Chapter 9 Supply 11th Commerce
Concept Features of supply Before we proceed with the meaning of supply, it is important to understand some special features of supply: Supply is a desired quantity. It...
Chapter 10 Market 11th Commerce
MEANING OF MARKET There are two aspects of every market: demand and supply. We have discussed both the concepts in the previous units. In this chapter, we will put the two compo...
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