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Category Archives: Microeconomics

Microeconomics is the study of households’, individuals’, and firms’ behaviour towards the allocation of resources and the decision-making process. In short, it deals with the… Read More
A number of activities happen around us in our daily life, such as activities performed in shops, offices, hospitals, etc. The collection of these organisations… Read More
In economics, demand is the quantity of a good or service that a consumer is willing and able to purchase at different price levels available… Read More
We all know that human wants are unlimited, but the means to satisfy these wants are limited. Therefore, all the wants cannot be fulfilled. An… Read More
In layman’s language, a Market is a place where the exchange of goods takes place. In other words, a place where the purchase and sale… Read More
In economics, demand is the quantity of a good or service that a consumer is willing and able to purchase at different price levels available… Read More
The quantity of a good or service that a consumer is willing and able to purchase at different price levels available during a given time… Read More
In layman’s language, a Market is a place where the exchange of goods takes place. In other words, a place where the purchase and sale… Read More
In layman’s language, a Market is a place where the exchange of goods takes place. In other words, a place where the purchase and sale… Read More
In layman’s language, a Market is a place where the exchange of goods takes place. In other words, a place where the purchase and sale… Read More
In layman’s language, a Market is a place where the exchange of goods takes place. In other words, a place where the purchase and sale… Read More
In layman’s language, a Market is a place where the exchange of goods takes place. In other words, a place where the purchase and sale… Read More
Consumer Behaviour is the study of individual customers, organizations, or groups’ behaviour while selecting, purchasing, using, and disposing of the goods, ideas, and services so… Read More
In economics, demand is the quantity of a good or service that a consumer is willing and able to purchase at different price levels available… Read More
One cannot put a numerical value on the level of satisfaction gained from the consumption of goods. However, they can tell their preference between two… Read More

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