If you are a Nepali civil servant, a Lok Sewa Aayog aspirant, or simply curious about how much government employees earn in Nepal, this guide covers everything you need to know. This article provides the…
The latest salary scale of the Nepal Army after the budget 2083/84. This salary scale will be effective from the 2083 Shrawan 1. The latest salary scale of the Nepal police, from the rank of…
The latest salary scale of the Nepal police after the budget 2083/84. This salary scale will be effective from the 2083 Shrawan 1. The latest salary scale of Nepal police from rank IGP to Recruiter.…
Before understanding the marginal productivity theory, first know what the theory of distribution. This is the neo-classical theory of distribution, which argues that the price of any input depends on its marginal productivity. Marginal productivity…
In economics, theories of distribution explain how an economy’s total wealth or national income is divided among individuals (personal distribution) and among the factors of production (functional distribution). Functional distribution focuses on the rewards paid…
Deadweight loss is defined as the loss in social welfare due to inefficiencies of the market. The market is inefficient due to government intervention and market imperfections. It is a loss in social welfare due…
Baumol developed the sales revenue maximisation model as an alternative to the profit-maximising model of traditional business. According to Baumol, in the modern corporate business, shareholders and management are two different parts of the organisation,…
Price descrimination as the different price charged by the seller (firm) to different buyers. It is an activity by a firm with at least some monopoly power to charge different prices to different buyers in…
First read the ⇒ Collusive Oligopoly Non-Collusive Oligopoly In the non-collusive oligopoly market, firms do not have the information about the exact strategy of any of the rival firms. It is a situation like a…