Explain the determinants of demand?
Introduction: The term demand is different from desire, want; wish etc. In economics the concept demand has different meaning. Any want or desire will not constitute demand. Demand refers to the total or a given
Explain the Law of Demand?
Introduction: The law of demand holds a great importance in economics, before this meaning of demand we learn. The term demand is different from desire, want; wish etc. In economics the term demand has different
Explain the types of demand.
Introduction: The term demand is different from desire, want; wish etc. in the language of economics the term demand has different meaning. Any want or desire will not constitute demand. The other aspects of demand
What is Economic Dynamics? Explain its uses and limitations.
Meaning: The term Dynamic means changing or moving. So, dynamic economics is a study of the changing economy. In other words it is a study of changes in the economic system. The word dynamic means
What is static Economics? Explain its uses and limitation.
Meaning: The study of economics on the basis of standstill condition is called static economic analysis or static economics. The changing condition of study is termed as dynamic economic analysis or dynamic economics. The concept
Explain the merits and demerits of Micro Economics.
Introduction: The word micro means millionth part. Microeconomics makes in microscopic study of every small unit of the economy in greater detail, micro economic is that branch of economics that exclusively deal with the study
What is Micro Economics? explain its features.
Micro economics Meaning: Microeconomics is a branch of economics that focuses on the study of individual economic units at the level of households, firms, and industries. It examines how these entities make decisions regarding the
What is Supply? Explain the law of supply.
law of supply: The term supply refers to the amount that is actually offered for sale in the market at a price per unit of time hence supply is a part of the stock. Supply
What is Micro Economics? Explain its Merits and Demerits.
Meaning of Micro Economics: Micro Economics Meaning is micro study of every small unit of the economy in greater detail. The term Micro economics has been derived from Greek word MIKROS which means small. So