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 DEMAND A)DEMAND AND SUPPLY: #DEMAND DEFINITIONS: Demand may be defined.As the quantity of our commodity that a consumer is able and willing to buy at each possible price over a given period of time.  It's initial elements of demand are quantity, ability, willingness, prices and period of time.  #Demand law: The law of demand is one of the most fundamental concepts in the economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we Observes in everyday transaction.  The law of demand It's the inverse relationship between the price of a good and the quantity of it demanded is observed in reality with such regularity It is known as the law of demand.The law of demand holds because when the price of goods increases consumer tend to buy less or it and more of the goods. Demand is derived from the law of Diminishing marginal utility.The fact that consumers use economic goods to satisfy...

  A)DEMAND AND SUPPLY: #DEMAND DEFINITIONS: Demand may be defined.As the quantity of our commodity that a consumer is able and willing to buy at each possible price over a given period of time.  It's initial elements of demand are quantity, ability, willingness, prices and period of time.  #Demand law: The law of demand is one of the most fundamental concepts in the economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we Observes in everyday transaction.  The law of demand It's the inverse relationship between the price of a good and the quantity of it demanded is observed in reality with such regularity It is known as the law of demand.The law of demand holds because when the price of goods increases consumer tend to buy less or it and more of the goods. Demand is derived from the law of Diminishing marginal utility.The fact that consumers use economic goods to satisfy their...

  A)THE ROLE OF PUBLIC,PRIVATE AND JOINT SECTOR: Public sector in India: Public sector consists of undertaking  which are directed either by a branch of government itself or by a body set up by government to direct the undertaking. A public sector enterprise is by definition “an enterprise where there is no private ownership,where its functions are not merely confined to the maximisation of profits or the promotion of the private interest of the enterprise, but are governed by the public or social interest, and where the management is responsible to the government either directly as in a departmental undertaking or indirectly as in government companies and corporation”. The public sector undertaking in India cover a very wide range.: Manufacturing industry like steel [Bhilai, Durgapur,Rourkela, Bokaro,Visakhapatnam steel plant. Heavy electricals [Bharat Heavy electrical machine tools.Hindustan Machine, Tools Ltd etc.] Oil exploration,Production, repairing and distribution [ONG...