In this article we will discuss about the demand function for commodities. The quantity of a commodity to be demanded [purchased] by consumers depends mainly on its own price, cross price [prices of other commodities such as complementary and substitutes] and income. These factors are referred to as determinants. Functional relationship between the quantity of commodity demanded and its determinants [...]
The below mentioned article provides a study note on the employment function. Empirical Model for Employment Function from Cobb Douglas Production Function: The employment [labour] intensity of economic growth can be understood by the size of output elasticity of employment. In other words the concept of output elasticity of employment in a particular sector of the economy helps in understanding [...]
The below mentioned article provides a study note on the tax revenue function. The responsiveness of Gross Tax Revenue to the changes in Gross Income is referred to as the Tax Buoyancy. The Tax Buoyancy is also defined as the ratio of proportionate change in gross tax revenue to the proportionate change in Income. The numerical estimate of tax buoyancy [...]