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 Scope of business Economics

Business economics is an evolving science. It is a newly developing subject whit the popularity of management studies. hence, there is no uniform pattern as regards the scope of business economics.

1) demand analysis 

    Demand analysis helps to identify the various factors influencing the demand for a product. the various factors such as price of the commodity, prices of related goods, income of the consumer, tastes and preferences etc determine the demand. The concept of elasticity of demand has a wide range of practical application in economics and business. the concept of elasticity of demand is of utmost practical use, for pricing policy. the concept of demand elasticity serves a the link between the pricing 

 

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MARKET DEMAND, MARKET SUPPLY AND EQUILIBRIUM PRICE

 MARKET DEMAND, MARKET SUPPLY AND EQUILIBRIUM PRICE

 In economics both demand and supply are the important forces through which market economy functions. Individual’s demand is desire backed by his / her ability and willingness to pay. There is an indirect or negative relationship between price and quantity demanded. Individual Supply is the amount of a product that producer is willing to sell at given prices. There is a direct or positive relationship between price and quantity supplied. Market Demand Individual demand for a product is based on an individual’s choice / Preference among different products, price of the product, income etc. Individual demand is nothing but desire backed by individual’s ability and willingness to pay. By summing up the demand of all the consumers or individuals for the product we get market demand for that particular product.

Table Market Demand Schedule

The above table represents demand schedule of individual A, individual B and Market Demand. Same schedule can be represented with the help of a graph. 

Diagram  Market Demand Curve

Diagram represents demand curve of individual A, individual B and Market Demand. DA is a demand curve of individual A. DB is the demand curve of individual B. DM is the market demand curve. All curves are downward sloping indicating negative relationship between price and quantity demanded.

Windows 7 Keyboard Shortcuts ( shortcuts keys for computer )

 Windows 7 Keyboard Shortcuts

F1	Display Help
Ctrl+C or Ctrl+Insert	Copy the selected item
Ctrl+X	Cut the selected item
Ctrl+V or Shift+Insert	Paste the selected item
Ctrl+Z	Undo an action
Ctrl+Y	Redo an action
Delete or Ctrl+D	Delete the selected item and move it to the Recycle Bin
Shift+Delete	Delete the selected item without moving it to the Recycle Bin first
F2	Rename the selected item
Ctrl+Right Arrow	Move the cursor to the beginning of the next word
Ctrl+Left Arrow	Move the cursor to the beginning of the previous word
Ctrl+Down Arrow	Move the cursor to the beginning of the next paragraph
Ctrl+Up Arrow	Move the cursor to the beginning of the previous paragraph
Ctrl+Shift with an arrow key	Select a block of text
Shift with any arrow key	Select more than one item in a window or on the desktop, or select text within a document
Ctrl with any arrow key+Spacebar	Select multiple individual items in a window or on the desktop
Ctrl+A	Select all items in a document or window
F3	Search for a file or folder
Alt+Enter	Display properties for the selected item
Alt+F4	Close the active item, or exit the active program
Alt+Spacebar	Open the shortcut menu for the active window
Ctrl+F4	Close the active document (in programs that allow you to have multiple documents open simultaneously)
Alt+Tab	Switch between open items
Ctrl+Alt+Tab	Use the arrow keys to switch between open items
Ctrl+Mouse scroll wheel	Change the size of icons on the desktop
Windows logo key +Tab	Cycle through programs on the taskbar by using Aero Flip 3-D
Ctrl+Windows logo key +Tab	Use the arrow keys to cycle through programs on the taskbar by using Aero Flip 3-D
Alt+Esc	Cycle through items in the order in which they were opened
F6	Cycle through screen elements in a window or on the desktop
F4	Display the address bar list in Windows Explorer
Shift+F10	Display the shortcut menu for the selected item
Ctrl+Esc	Open the Start menu
Alt+underlined letter	Display the corresponding menu
Alt+underlined letter	Perform the menu command (or other underlined command)
F10	Activate the menu bar in the active program
Right Arrow	Open the next menu to the right, or open a submenu
Left Arrow	Open the next menu to the left, or close a submenu
F5 or Ctrl+R	Refresh the active window
Alt+Up Arrow	View the folder one level up in Windows Explorer
Esc	Cancel the current task
Ctrl+Shift+Esc	Open Task Manager
Shift when you insert a CD	Prevent the CD from automatically playing
Left Alt+Shift	Switch the input language when multiple input languages are enabled
Ctrl+Shift	Switch the keyboard layout when multiple keyboard layouts are enabled
Right or Left Ctrl+Shift	Change the reading direction of text in right-to-left reading languages

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