Posted inEconomics XII
Functions of Commercial Bank
: the primary functions of commercial bank are collection of deposits and granting loan and advances..................
Posted inEconomics XI
Law of Equi-Marginal Utility/Law of Substitution
According to this law, a rational consumer allocates his given money income between two goods in such a way that the ratio of marginal utility to price of each good…
Posted inEconomics XI
Law of Diminishing Marginal Utility
According to this law, the utility obtained from the consumption of successive units of a commodity within a given time period gradually declines...............................