b a programme b com p semester i ii economics discipline specific core course in lieu of modern indian language principles of microeconomics i study material 1 1 8 school ...
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...B a programme com p semester i ii economics discipline specific core course in lieu of modern indian language principles microeconomics study material school open learning university delhi department editor dr janmejoy khuntia graduate contents lesson problem scarcity and choice demand elasticity supply determination equilibrium price quantity some applications theory consumer s indifference curve analysis cavalry lane introduction institutionalized behaviour pattern man with regard to production distribution consumption wealth or the means satisfying human desires is distinguishing mark particular economic system but at foundation any such there will always be found few universal conditions although each has its own peculiarities yet certain basic problems are common all objectives after going through you able know analyse central facing economies world explain concept opportunity cost different types draw various shapes possibility curves ppc understand role limitations mechanism rea...