Thursday, February 10, 2011

VSAQs - Chapters- VI, VII & X

Chapter VI
Market, Local market, Very short period, Monopoly, Oligopoly, Monopolistic competition, Duopoly, Perfect competition, Equilibrium price, Price discrimination, Prodcut differentiation, Selling costs, Interdependence, Price leadership, Rigid price, Equilibrium of a firm, National market, Short period, Long period
Chapter VII
Distribution, Functional distribution, Personal income distribution, MP theory, Contract rent, Economic rent, Differential surplus, Scarcity rent, Quasi rent, Transfer earnings, Subsistence theory, Wage fund theory, Money wage, Real wage Piece wage, Time wage, Loanable funds, Net interest, Gross intertest, Net profit gross profit, Innovations, Normal profit, Abnormal profit, Liquidity preference
Chapter X
Money, Barter system, Currency, Liquidity, Near money, Commodity money, Legal tender money, Optional money, Credit money, Standard money, Token money, Savings deposits, Current deposits, Term deposits, Recurring deposits, Demand deposits, Time deposits, Demand loans, Cash credit, Overdraft, Discunting bills of exchange, Lender of last resort, Clearing house, Inflation, Creeping inflation, Walking inflation, Running inflation, Galloping inflation, Demand pull inflation, Cost Push inflation, Open inflation, Suppressed inflation, Creation of credit & RBI

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