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The other highlights of this revised edition are (i) the subject contents has been developed, refined and restructured at several points, (ii) several new problems have also been added at the end of various chapters for the benefit of students, and (iii) every page of the book has been read very carefully so as to improve its quality. In this edition a new chapter on The Computer: Its role in Research have been added in view of the fact that electronic computers by now, for students of economics, management and other social sciences, constitute an indispensable part of research equipment. The feedback received from different sources has been incorporated. All possible efforts have been made to enhance further the usefulness of the book. I am presenting this second edition, thoroughly revised and enlarged, to my readers in all humbleness. Preface to the Second Edition vii Preface to the Second Edition I feel encouraged by the widespread response from teachers and students alike to the first edition. In loving memory of my revered father (The fountain of inspiration) 4. All inquiries should be emailed to PUBLISHING FOR ONE WORLD NEWAGE INTERNATIONAL(P) LIMITED, PUBLISHERS 4835/24,Ansari Road, Daryaganj, New Delhi - 110002 VisitusatISBN (13) : 978-8-1 3. No part of this ebook may be reproduced in any form, by photostat, microfilm, xerography, or any other means, or incorporated into any information retrieval system, electronic or mechanical, without the written permission of the publisher. Copyright 2004, 1990, 1985, NewAge International (P) Ltd., Publishers Published by NewAge International (P) Ltd., Publishers All rights reserved.