Economics Pdf 125900 | Eco B A 1st 2o2o

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...St notes for class b a semester economics year unit consumer behavior q what do you mean by micro ans the word is derived from greek mikros which means small it studies behaviour of individual units rather than all combined an economy example household pricing firm wages worker profits entrepreneur and so on can be regarded as microscopic study its main tools are demand supply according to shapiro deals with parts significance or importance has both theoretical well practical highly helpful in formulation economic policies promote overall welfare population tells us how goods services produced distributed among various people consumption through price market mechanism theory shows efficiency achieved when there prevails perfect competition product factor analysis also usefully applied branches such public finance international show gains trade microeconomics great understanding working free enterprise without any central planning control provides basis entire structure been built ingre...

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Posted on: 11 Oct 2022 | 2 years ago
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