Last time we discussed the 8 factors affecting demand. Let us today discuss the Concept and types of Demand schedule. Demand schedule is the tabular
Concept of demand: Before discussing the factors affecting demand, let us discuss the concept of demand. Demand is the ability and willingness to buy a product
Last time I have discussed about the concept and nature of utility. Today I will discuss about the Types OF UTILITY APPROACH. Utility approach is basically
CONCEPT OF UTILITY Dear friends let us first discuss the concept or meaning of utility. Utility may be defined as the want satisfying power of
Today we will discuss the concept of opportunity cost with the help of examples. The concept of opportunity cost was developed by Austrian school of
Last time we have discussed the types of economics. Today we will discuss the difference between positive economics and normative economics. Let us discuss it:
The term economics is very common and Economics can be broadly classified into two parts: MICRO ECONOMICS: in microeconomics we study “I” which means individual.
Economics is the study of human activities which they perform with their limited resources to satisfy their unlimited wants.
Dear friends, let us discuss today about the various five year plans, the year of implementation and objectives of these plans. The thirteenth plan is
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