Norm Normal, Normal Price, Normal Profit, Normal Spoilage

Norm Normal, Normal Price, Normal Profit, Normal Spoilage :

Norm Normal : Something which is in agreement with the standard practise, behavioural pattern, etc.

Normal Price : the natural price of a commodity which has not been influenced by fluctuations either due to excess demand or due to excess supply

Normal Profit : the level of profit which enables the producer to keep producing in the market. A higher level of profit would attract competition which will gradually have the effect of lowering the profit and a lower level of profit would force the producer to leave the market

Normal Spoilage : The material which has been rejected or which cannot be avoided from being wasted during the production of a particular product

Norm Normal

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