What is Equilibrium in Economics? Meaning and Types
What is equilibrium in Economics? Equilibrium in Economics (also known as economic equilibrium) can be defined as a state of balance in an economy, that is, there is a balance … Read More
Category: General
Animals that are Extinct – List of extinct animals with pictures
What Animals are extinct? Animals are said to be extinct when the last individual species of the animal dies and the animal’s entire genetic heritage is lost for life. Extinction … Read More
Elasticity of Supply: Price Elasticity of Supply and Formula
What is the elasticity of supply? The elasticity of supply in Economics is the measure of the degree of responsiveness of the quantity supplied of a commodity to its price. … Read More
Centriole Functions and Structure in Plant and Animal Cells
What is a Centriole? A Centriole can be defined simply as the cylindrical (rod-shaped) organelle that is composed of microtubules and stays next to the nucleus within the centrosome in … Read More
How to reach your full potential in life, work, and career
Potential meaning Potential is a term used generally to refer to currently unrealized ability. It can be used to describe the situation of untapped strength, dormant ability, hidden talents, and … Read More
Elasticity of Demand: Formula and Types
What is elasticity in Economics? Before talking extensively about the elasticity of demand, let us look at what elasticity in economics implies. Elasticity in Economics is the measure of the … Read More
Nematodes (Roundworms): Classification and Characteristics
What are Nematodes? Nematodes are also known as roundworms. They are parasites and belong to the phylum Nematoda. They are multicellular animals in the group Ecdysozoa. These nematodes parasitize virtually … Read More
Demand in Economics: Law of Demand, Definition, and Types
Demand Definition Demand in Economics is a term that describes a desire to own and purchase goods or services. It is the number of goods or services a consumer or … Read More