Micro-Economics Archives

Micro Economics – Introduction Notes

Micro Economics is a branch of economic analysis that studies the economic behaviour of an individual unit, it may be a person, household or a firm. Managerial Economics refers to integration of economic theory with business practices and application of economic tools for management of a business. According to SpencerRead More →

Types of Cost / Classification of Costs

By: bbamantra

In: Articles, Cost Accounting, Financial Accounting, Financial Management, Management Accounting, Managerial Economics, Micro-Economics

With: 4 Comments

What is Cost? It refers to the monetary expenditure which a firm has to incur in order to purchase or hire the factors of production. It is the expense of purchasing or hiring factor services for production and other business activities. Classification of Cost / Types of Cost There areRead More →