Alfred Marshall changed the meaning of economics and its studies. He was a great advocate of the neo-classic school of thought. Marshall was the first to state that economics is not linked directly to the wealth and material things. It has its foremost connection with the people that use the money. By Marshall declaring Economics as the study of mankind instead of wealth in both of his books, “Principles of Economics and “Economics of Industry”, he divided the economists’ view of how to define money and its connection with people. As of now, there are people who advocate the Theory of Marshall and some strongly oppose it.

Impact of Increase or Decrease in Prices on Business:- The idea behind this publication is to warn the reader about the application of ready-made pricing principles. It is necessary to think beyond the simple theoretical statements that work but in very specific conditions that we may be led to forget, especially the elasticity of demand in relation to price. Below this post is all about the impact of increase or decrease in prices on your business.

How to Improve Productivity: – Being productive means producing something, but also being profitable, bringing in money. When you’re productive, you manage your time efficiently to accomplish all the tasks of the day without stress and stress, while taking time for yourself.

Internal Exchange Rates Definition

In our globalized 21st century, large price disparities still survive within the same economy: domestic exchange rates. In this article we analyze what they are and how they affect us. In recent decades, the process of economic globalization that the world has experienced, especially in terms of the internationalization of production processes and the liberalization of the movement of people, capital and goods, has intensified the interdependence of national economies. However, there are still large differences in the cost of the same products from one country to another that cannot be explained exclusively by the different value of their currencies: these are internal exchange rates.