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Price Discrimination: Definition, Features & Examples

In general, price discrimination occurs when a producer sells a commodity to different buyers at different prices for reasons not associated with differences in cost. For example, doctors, lawyers and engineer sometimes vary their fees according to the incomes of their clients. Cinemas also charge lower admission prices for children.

StudyHQ November 1, 2021

Economics Finance

Types of Bank Account

A bank may be defined as a financial institution set up purposely for safe-keeping of money, valuable goods and documents like wills and others. The existence of banks has been a big boost to business activities theworld over.

StudyHQ October 30, 2021

Economics

Money: Definition, History, Features Functions of Good Money

Money is any tangible commodity which is generally acceptable as a medium of exchange for goods and services or for purposes of settling debts within a given society/community.

StudyHQ October 30, 2021

Inflation in Nigeria: Causes, Reasons & Solutions

Economics

Inflation in Nigeria: Causes, Control & Solutions

Inflation is a worldwide phenomenon but the rate varies from country to country. Nigeria has been experiencing a high rate of inflation estimated to be well over 45%. Despite the various measures adopted to control inflation it has defied solutions.

StudyHQ October 29, 2021

Economics

Stock Exchange Market: Definition, Functions & Examples

The stock exchange market is a market which deals with the buying and selling of long term financial assets (securities) such as stocks and shares.

StudyHQ October 29, 2021