Section 67 of Indian Penal Code, 1860 – Explained!

Every suit shall be instituted in the Court of the lowest grade competent to try it. The object of this provision by requiring a suitor to bring his suit in the court of the lowest grade competent to try it is that courts of higher grades may not be overcrowded with suits. At the same […]

The following are the important properties of the isoquants: (a) Isoquants Slope Downward from Left to Right: Isoquants have negative slope. This is so because, when the quantity of one factor (say, ‘X’) is increased, the quantity of other factor (say, ‘Y’) must be reduced, so that total product remains constant (Fig. 7.4). If, however, […]