March 12, 2026

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Supply and Law of Supply

The law of supply states the functional relationship between the price of a commodity and its quantity supplied.
According to the law:
When the price of a commodity increases, the quantity supplied of that commodity also increases;
and when the price falls, the quantity supplied decreases—other factors remaining constant. Thus, according to the law of supply, quantity supplied is directly or positively related to price.

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Characteristics of industrial workers

Different characteristics of industrial workers Characteristics of Industrial Workers in India Industrial workers in India have a unique profile shaped by the country’s economic, social,

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