You can apply for jobs in telecommunication sector, they are highly paying organizations in Pakistan. You can apply in Telenor online by making a... more

Both of these degrees are quite valuable and you can join any organization as an economist and as an accountant. At the same time, your personal abilities... more

In business administration program, the students are trained in various sections of the field of business for example corporate accounting, communications,... more

The agricultural economics advocates production of crops and livestock and it aims at maximizing production and increase fertility of land. It revolves... more

Time period in the analysis of economics has been divided in three parts. • Very short period or market period • Short period • Long period Very... more

Availability of laborers: with mobility of laborers made possible, it will compensate for the retirement of laborers in certain places. As workers retire... more

The elasticity of supply of different products depends upon the following factors. Nature of Products: if the product is perishable in nature, its supply... more

Economics is a social science. It has been commonly observed that people, while living in a society, show a similar economic behaviour. This economic behaviour... more

The law of diminishing marginal utility is based on the logic that all human wants are manageable. The assumptions of this law are: suitable units of... more

As it is known that extension and contraction in demand take place due to change in the price of a product; whereas rise and fall in demand take place... more

Lionel Robbins criticized Marshal’s definition of economics in his book “Nature and Significance of Economic Science”. That was written in 1932.... more

Definition of Economics by Dr. Alfred Marshall: Economics is a study of mankind in the ordinary business of life. Ordinary business of life: According... more

When Adam Smith gave definition of economics in 1776, British society was a religious society. Therefore, religious minded people criticized the subject... more

For centuries, economists have understood the allocational role of fiscal policy, government tax and spending programs. It has long been known that trough... more

Small Industries faces a monetary problem.Government should provide easy-loans to them and provide full guidance to those who are willing to work in this... more

There is not even a single country in the world to claim self sufficient. The time and stage of self sufficiency is over. As a result of international... more

Pakistan’s foreign trade is mainly through the sea route. The overland trade mainly with China, Iran, Afghanistan, Turkey and India from an insignificant... more

Workers share in profit has been raised to 5% and could be encashed annually. Payment of bonus has been made compulsory for industrial units employing... more

Small industries play an important role in the economy of a country. In a country like Pakistan the modernization of small industries can help in tackling... more

According to historical economist and politicians, wide inequalities, is necessary condition of maximum growth and in the long run, maximum growth is necessary... more

The 1970s witnessed a remarkable change in public and private perceptions about the ultimate nature of economic activity. In both rich and poor countries,... more

Technology is pool of technical knowledge. It is science or systematic knowledge of industrial art. There four major roots of modern technology. These... more

A large number of industrial units have been set up in Pakistan during the past four decades. These units are producing consumer goods. Pakistan has not... more

There are different caused of low agriculture yield in Pakistan. These are subdivision of land and fragmentation of holding, water logging and salinity... more

The word poverty means different things to different people. Clearly poverty is a condition in which people have inadequate incomes, but it... more

Economists who emphasize the anticompetitive aspect of regulation argue,” you say the regulation is in the interest of consumers and workers. Don’t... more

Economic theory tends to glorify perfect competition as the most efficient market structure. Imperfect competitors, by contrast, set prices too high, earn... more

The game theory is basically a field of mathematics but it is commonly used in the context of economics. The game theory is all about the game strategies... more

The minimum wage sets a minimum on what employers are allowed to pay workers. In the United States, the federal minimum wage began in 1938 when the government... more

In 1942, the great Austrian born Harvard economist Joseph argued that the United States was “capitalism living in an oxygen tent” on its march to socialism.... more

An economist just does not deal with the demand supply and the prices in fact he has a major contribution in studying the working of society analyzing... more