Skip to main content

Interview Question: Economics

Interview Questions (Continued...)

Economics

What do you mean by monopolistic competition?

Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.

What is oligopoly in economics?

Oligopoly markets are markets dominated by a small number of suppliers. They can be found in all countries and across a broad range of sectors. Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.

What is perfect competition in simple words?

perfect competition is a type of market form in which there are many companies that sell the same product or service and no one has enough market power to be able to set prices on the product or service without losing business.

 

Depletion method

Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-cash expense that lowers the cost value of an asset incrementally through scheduled charges to income.

Time liabilities & demand liabilities:

Time liabilities refer to the liabilities which the commercial banks are liable to repay to the customers after an agreed period, (FD) and demand liabilities are customer deposits which are repayable on demand (saving account)

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Economics of Development - Index

Table of Contents Unit 1 Economic Development Click Here 1.1 Economic Underdevelopment: Concept, Definition and Indicators 1.2 Economic Development: Concept, Definition and Indicators 1.3 Economic Growth: Concept, Definition and Indicators 1.4 Economic Development V/s Economic Growth Unit 2 Economic Growth Models Click Here 2.1Harrod&Domer model 2.2 Classical theories of Development: Adam Smith & David Ricardo 2.3 Karl Marx Theory of Development 2.4 Schumpeter and Capitalistic Development Unit 3 Economic Growth Models Click Here 3.1Vicious Circle of Poverty 3.2GurnarMirdals Theory of Circular Causation 3.3Lewis theory of Unlimited Supplies of Labour 3.4Big Push Theory of Development Unit 4 Growth: Balanced & Unbalanced Click Here 4.1Balanced Growth: Concept, Essentials and criticisms, Rodan’s Approach 4.2 Duseanbari Effect, Prof. Nerks Approach of Balanced Growth 4.3 Unbalanced Economic Growth: Concept, Nature and Princi...
Post a Comment
Read more

Unit II - B2C Internet Marketing

No business-to-consumer (B2C) company could survive — never mind thrive — without doing some kind of marketing. B2C marketing, which differs from business-to-business (B2B) marketing in that it focuses on promoting goods and services to individual consumers (rather than other organizations), is the wizardry that makes a company both visible and attractive to their target audience.  It’s how you create interest in your offering, how you bring in new customers (acquisition), how you hold onto existing ones (retention), how you boost sales, and how you turn your hard work into profit. It is, in many ways, the lifeblood of a business. But “doing” B2C marketing isn’t as simple as shouting from the rooftops about your new clothing line or app. You need to know who you’re talking to. You need to be familiar with the channels available to you. And fortunately, thanks to digital transformation, there are now plenty.  The rise of online media and technologies has la...
Post a Comment
Read more

Poem 1 - On His Blindness - by John Milton (Sem IV)

John Milton ’s poem “On His Blindness” is an autobiographical sonnet in which Milton meditates on his own loss of sight. For most of his life, Milton had been able to see perfectly, but his late-night reading and writing on behalf of the government of the short-lived English Republic, in which he held a very prominent position, helped ruin his eyesight. This sonnet—written in the “Petrarchan” rhyme scheme associated with the fourteenth-century Italian poet Francesco Petrarca—is divided into an eight-line “octave” and a six-line “sestet.” The octave rhymes  abba abba . The sestet rhymes  cde cde . The sonnet is, therefore, a typical Petrarchan sonnet in form, but in subject matter, the poem departs from the topics usually associated with Petrarchan poems. Petrarch (the English version of Petrarca’s name) was most famous for writing about love; Milton departs from that conventional topic to deal with a very practical, very physical problem, but a problem with many broa...
Post a Comment
Read more