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- W1506763552 abstract "Disposal of waste becomes a great head ache to the Administrators, Politicians, Industrialists and Environmentalists. It’s all because of lack of planning. If there is a concept in economics to understand the nature of wastage and backed with equated pattern of production and consumption; the wastage can be largely reduced. The producers will get fair price for their produce and consumers will get maximum satisfaction by paying reasonable price for the products constantly. Generally Economic laws reflect the most essential and typical features of the operation and development of a given system of production and consumption patterns. Every economic law expresses the unity of the qualitative as well as quantitative aspect of economic phenomena with price. A new concept has been evolved in order to establish a new law in economics that is ‘The Law of Wastage’ and the same has been presented in this article. This law has been established with the help of necessities of human being and on the basis of consumption patterns of consumers in response to the changes in the price of the commodity. Further the law has been proved with the suitable illustration of hypothetical data and curves. For this purpose three objectives have been framed and tested with the hypothetical data drawn from the vegetable market by observing for a period of six months." @default.
- W1506763552 created "2016-06-24" @default.
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- W1506763552 date "2013-03-31" @default.
- W1506763552 modified "2023-09-27" @default.
- W1506763552 title "The Law of Wastage – A Conceptual Thought for Sustainable Economic Development" @default.
- W1506763552 hasPublicationYear "2013" @default.
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