Risk Averter:- A person who minimise risk during investment called Risk Averter or Risk Averse and the activity called risk Aversion. Risk Lover:- A person who take risk to maximise his profit during...
Factors of Production (FOP) Production of goods & services requires the use of certain resources. For eg : to produce whearc, a farmer needs land, labour, seeds, fertilizer, etc. So in this example...
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Measures of Central Tendency: There are three measures of central tendency that are: Mean: It is used to represent the average of the data. Median: It is used to represent the middle value. Mode:...