Tag Archives | Definitions

Definition of Human Resource Management

Everything you need to know about the various definitions of human resource management. Human resource management is a systematic process of managing people working in the organization. Human resource management is a managerial process of acquiring and engaging the required workforce, appropriate for the job and concerned with developing, maintenance and utilization of work force. According to Decenzo and Robbins, [...]

By |2019-09-14T12:35:12+05:30September 14, 2019|Human Resource Management|Comments Off on Definition of Human Resource Management

Definition of Arc-Elasticity of Demand

In this article we will discuss about the formula for calculating the arc elasticity of demand. Elasticity of demand that is obtained at a point on the demand curve for a good as a consequence of an infinitesimally small change in its price, is called the point-(price-) elasticity of demand for the good. But if the change in price is [...]

By |2022-12-01T22:59:41+05:30September 15, 2016|Elasticity of Demand|Comments Off on Definition of Arc-Elasticity of Demand
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