van Westendorp pricing model
Pricing is puzzling! How do you price the product right? Van Westendorf’s pricing model can help you with this question. Here’s how:
Economics
Autonomous consumption: prime driver in bad times
What is Autonomous Consumption? Autonomous consumption definition The consumption that is independent of the level of income is called autonomous consumption(AC). It is also known as exogenous consumption. Apart from the bare necessity for survival, it may also include payments towards loans and other obligations. The counter to this type of consumption is induced consumption(IC) …
Neoclassical Economics: still relevant in 2020!
What is neoclassical economics? definition, theory and model of neoclassical economics also reveal some of the criticism vs clasical and behavioral economic