PrepLadder Blog

Discover the latest news, updates, and all insights from PrepLadder.

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  Production and Costs- Indian Economy - NCERT Notes UPSC

  Jun 22 , 2022 PrepLadder IAS

  

  PrepLadder IAS

  Production is the process by which inputs are transformed into ‘output’. Production is carried out by producers or firms. A firm uses different factors of production (inputs) such as land, labour, machines, raw materials etc. to produce output. This output can be consumed by consumers or used by ... Read More

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  Non-Competitive Markets- NCERT Notes UPSC

  May 27 , 2022 PrepLadder IAS

  

  PrepLadder IAS

  Under perfect competition, both the buyers and sellers are price takers. However, there exist other forms of market structures which may not satisfy one or more conditions of the perfect competitive market. A market is non-competitive when the firms acting in such a market have the power to influence the price, direc... Read More

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