Entrepreneur | Functions, Qualities, Efficiency, and Importance
Entrepreneur In the modern age, the significance of the entrepreneur as a factor of production has increased manifold. An entrepreneur is a chief human factor of production. Classical economists made…
Division of Labour | Main Forms, Advantages, and Favourable Conditions
Introduction Adam Smith came up with the idea that people should do what they're best at. For instance, a cook should cook, and a professor should teach. This way, everyone…
Capital | Features, Classification, Functions, and Efficiency
Capital Capital is a crucial factor in production. In everyday language, we often use terms like wealth, capital, and money interchangeably. However, in economics, capital refers to the portion of…
Financial management | Types, Objectives, Functions and Career
Definition Financial management is like being the money boss of a business. Whether it's a small shop or a big company, someone has to handle all the cash stuff. This…
Piezoresistive | Construction, Working, Advantages, and Application
Piezoresistive Piezoresistive materials are substances that exhibit changes in electrical resistance when subjected to mechanical stress or strain. This property makes them particularly useful in sensor applications for measuring pressure,…
Demand Forecasting | Features, Uses, Purpose, and Methods
A forecast, particularly in the context of demand forecasting, is a prediction or estimation of a future event that is most likely to happen under given conditions. In a world…
Energy Conservation | Principle, Importance and Its Benefits
Introduction Energy conservation means using less energy by being smarter with how we use it. This can involve using energy in better ways or changing our habits to use less,…
Norton’s Theorem
Circuit Theorem Circuit theorems are fundamental principles and mathematical techniques utilized in the analysis and solution of electrical circuits. Derived from the laws and principles of electrical circuit theory, such…
DIAC | Construction | Working and V-I Characteristics
DIAC DIAC can be abbreviated as Diode for alternating current. A DIAC is a bidirectional device that can be conducts in either a positive or negative direction. Basically, DIAC is…
What is Thermocouple | Construction & Working Principle
Thermocouple A thermocouple is the junction of two dissimilar metals. It is used to measure temperature difference between two points. The material used in junction wires is iron- constantan or…
