Economics of Money Money In this part, we discus about Money and related topics like: Money In general term, Money is a sort of commodity which passes freely from one hand to another as medium of exchange and accepted in payment of goods or in discharge of debts and business obligations. In legal terms, ‘Anything…

Market Analysis Market In this part, we discuss about Market Analysis and related topics like: Market In general terms, Market means a specified place where buyers and sellers meet each other to buy and sell commodities. In economics, Market denotes the entire area were buyers and sellers of commodities are in such a close contact…

Cost Benefit Analysis Cost analysis In this Part, we discuss about Cost Analysis, study of behaviour of cost in relation to production criteria Cost Classification Cost Classification refers to segregation of all expenses incurred by a producer, to get the production factors for producing the final output. Such cost also includes normal profit, needed by…

Production Theory Production In this Part, we discuss about Production and related topics like : Production In common term, Production means the creation of a physical product (such as wheat, rice, camera, computer etc.). According to modern economists, man can neither produce a physical product, nor can destruct it. Man can only alter the form…

Supply Analysis Supply Analysis In this part, we discuss about Supply Analysis and related topics Supply Supply of goods refer to the quantity offered for sale in a given market, at a given time, at various prices. Law of Supply There is a direct relationship between the price and quantity supplied. When the price of…

Consumer Behaviour  Theory Consumer Behaviour Theory in Economics In this Part, we discus about various aspects of Consumer Behaviour, to maximize his satisfaction level, within his Budget Constraints Utility Diminishing Marginal Utility Equi-Marginal Utility Marginal Rate of Substitution Consumer Surplus Indifference Curve Budget Line Consumer Equilibrium Indifference Map Meaning of Utility in Economics In Economic…

Theory of Demand Demand In this part, we discuss about behaviour of Demand in economic functions & analysis, relating to following points: Theory of Demand in Economics Demand refers to quantities of a commodity that the consumers are able to and willing to buy at each possible price, other things remaining same. Demand may be…

Micro Economics Introduction Micro Economics In this part, we discuss about the meaning & basic concept of Micro Economics, to make familiarity of the following concept & terms Economics In general, every human being wants material wealth. Human wants are unlimited, while the resources at his possession are limited. Economics is all about getting maximum…