In making a final decision, and indeed throughout the whole decision-making process, consumers are influenced by a wide range of factors, not just those relating to the obvious features of the product. Some of these factors exert a direct, measurable influence on buying decisions, whereas others are less tangible and may only suggest patterns of buying behavior. In many cases [...]
In this article we will discuss about:- 1. Meaning and Definitions of Capital 2. Characteristics of Capital 3. Functions 4. Examples 5. Importance. Meaning and Definitions of Capital: Capital is defined as "All those man-made goods which are used in further production of wealth." Thus, capital is a man-made resource of production. Machinery, tools and equipment of all kinds, buildings, [...]
In this article we will discuss about:- 1. Meaning and Definition of Land 2. Characteristics of Land 3. Functions 4. Importance 5. Productivity. Notes on Land: The term 'land' generally refers to the surface of the earth. But in economics, it includes all that, which is available free of cost from 'nature' as a gift to human beings. Land stands [...]