STRUCTURAL CONDITIONS FACING A MONOPOLIST
The following are some of the important conditions under which a monopolist operates. He is faced with a negatively sloped demand curve. The demand (D) curve is the same thing Continue Reading
EQUILIBRIUM IN A MARKET
Determination of equilibrium price and quantity in a market Equilibrium in a market Equilibrium means a state of balance of opposing forces. A market is in equilibrium: 1) When the Continue Reading
DEFINITION OF A COMPANY
A company can be defined as a legal person or entity created by the association of a number of people in accordance with the law for the purpose of a Continue Reading
STRUCTURE OF A BUSINESS
ORGANISATIONAL SET UP The organisational set up of a business involves the allocation of responsibilities and functions to different components of an organisation and delegating authority to each position in Continue Reading
THE SUBJECT OF A SENTENCE
Every simple sentence must have two basic elements which are: i. the thing/person we are talking about ii. what the thing/person is doing. The thing/person we are talking about indicated Continue Reading