Trade Marks belong to the respective owners. Thus, the commerce group of MEC promises an embedded insight into the immense stream of commerce. customised services that resonate with your personal career needs. The cost of the energy that is produced by the plant involves more than the rate that the company charges because the surrounding environment — the town — must bear the cost of the polluted river. Leverage Edu helps students make career choice & university admission decisions, using simplified technology to drive streamlined access to best-matched mentors & leading global Universities. If you want to teach primary and secondary education levels or specialize in specific education studies, a bachelor’s degree in fields like education, primary education, secondary education, education studies is the way to go. The key advantage of selecting the MEC group is that it entails a multifarious range of career opportunities across lucrative areas such as Business, Management, Marketing, Accountancy, Finance, Information Technology, Economics and much more. For example, a variable cost could be a cost that changes based on production volume. A-258, Bhishma Pitamah Marg, It is obvious to choose a professional course in commerce if you have studied MEC as the main subjects in 12th. Your email address will not be published. helping you find accommodation at the best prices. The effects of the extra units on supply and demand are also studied. Block A, Defence Colony New Delhi, These courses correspond to the bachelor’s degree level, professional courses and postgraduate degrees that land you a successful career in commerce. to helping you find accommodation at the best prices. Also, if Information Technology (IT) was also one of the subjects in 12th, you can opt for Bachelor in Computer Applications (BCA). There are many professional job prospects you can explore after MEC such as Chartered Accountant, Business Analyst, Marketing Manager, Financial Manager, Financial Analyst, Statisticia, Economist, Entrepreneur, Software Developer, etc. Hence, to help you know more about what MEC courses are, here is a list of all the courses corresponding to the MEC group of subjects. An externality is an economic term referring to a cost or benefit incurred or received by a third party who has no control over how that cost or benefit was created. Marginal social cost is related to marginalism, a concept that works to determine the amount of extra use derived from the production of one additional unit. Bachelor of Business Administration (BBA), Bachelor of Journalism and Mass Communication (BJMC), MEC group is the core of the commerce stream and simply refers to, The best part of selecting the MEC group after 10th is the wider career scope it has on offer for students, be it in, Completing 12th, you can explore varied MEC courses at the bachelor’s level, such as professional courses like, Students with MEC subjects can also study, MEC subjects offer career possibilities in, Bachelor in Business and Management (BBM). Feel free to revert. With data-first approach at Leverage Edu, you get 100% Copyright © 2020 Info edge India Ltd. All rights reserved. Search Colleges, Courses, Exams, Questions and Articles, Please select a rating to submit the survey. The multiplier effect measures the impact that a change in investment will have on final economic output. Here are some of the major bachelor’s degrees and diplomas in Education: For those who want to experiment with their interests and passions, diploma and certification courses will aid you in assessing your inclination towards a particular field. What is the full form of MEC? Leverage Edu Tower, How likely is it that you would recommend Shiksha Ask & Answer to a friend or colleague? The most popular MEC courses for commerce students are BBA, BCA, BCom, BMS (Bachelor of Management Studies), BBS (Bachelor of Business Studies), BA Mathematics, BA Economics, BCom in Accounting and Finance, BA Economics, amongst others. The issue comes when the far-reaching effects of production must also be factored in. Innov8, 3, 20 Main Road Leverage Edu Tower, Students can explore a host of career prospects and master their professional and career skills. Therefore choose the subjects you enjoy as well as which are your strengths. Each one of us has got something unique enough to be successful; we believe in bringing you closer to that Fixed costs are those that don’t fluctuate — such as salaries, or startup costs. The total cost of the production of an additional unit of something is not merely the direct cost undertaken by the producer but also includes costs to other stakeholders and the environment as a whole. | Guide-Level 11, After your 10th you should consider enhancing your educational qualifications. ‘something’ and helping you leverage it! If the plant’s marginal social costs are higher than the plant’s marginal private costs, the marginal external cost is positive and results in a negative externality, meaning it produces a negative effect on the environment. Marginal social cost reflects the impact that an economy feels from the production of one more unit of a good or service. Leverage Edu is a one-stop-shop for all your career-related needs - right from finding the best-fit college Delhi 110024, Leverage Edu Mumbai, Which is the better option out of MEC and MPC? For example, after completing B.com, a postgraduate degree can lead you to a teaching career in commerce. Marginal social cost can also be compared to the marginal benefit, the principle that determines the amount that consumers will give up to gain one extra unit. When determining the marginal social cost, both fixed and variable costs must be accounted for. D-5 Road No. MEC full form is Mathematics, Economics and Commerce. Andheri East, Mumbai, Maharashtra 400069, The IT sector is currently one of the most sought-after industries worldwide. Therefore choose the subjects you enjoy as well as which are your strengths. One or two of these subjects can also be found in the science stream or arts stream. Good Luck, Get authentic answers from experts, students and alumni that you won't find anywhere else, Ask Current Students, Alumni & our Experts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. is there any scope for that andwat exams we need to pass and wat job can we get please help me Want to know what degrees and professional courses you can…, It is a dream of every student to attain a good salary package. A variable cost is a corporate expense that changes in proportion to production output. After your 10th you should consider enhancing your educational qualifications. MSC is calculated as: Marginal Social Cost=MPC+MECwhere:MPC=marginal private costMEC=marginal external cost (positive or negative)\begin{aligned} &\text{Marginal Social Cost} = \text{MPC} + \text{MEC} \\ &\textbf{where:} \\ &\text{MPC} = \text{marginal private cost} \\ &\text{MEC} = \text{marginal external cost (positive or negative)} \\ \end{aligned}​Marginal Social Cost=MPC+MECwhere:MPC=marginal private costMEC=marginal external cost (positive or negative)​. Save my name, email, and website in this browser for the next time I comment. It is a popular career field chosen by students completing class 10th to make a career in Finance, Economics, Accountancy, Business and Management, etc. The need for computers in the…, Are you exploring career options in Commerce stream? This negative aspect must be factored in if a company strives to maintain the integrity of social responsibility or its responsibility to benefit the environment around it and society in general. Are there any better options than doing an MBA after graduation? The best part of these courses is that you don’t generally require MEC as a part of your 12th curriculum for a foundation course.

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