Principles of prices
Principles of prices- The principles that govern prices in economics can be summarized as follows: Supply and Demand: This is perhaps the most fundamental principle of pricing. Prices are determined…
Micro and macro Economics
Micro and macro Economics- Microeconomics and macroeconomics are two branches of economics that study different levels of economic activity and behavior. Microeconomics: Focuses on individual economic units such as households,…
Introduction Economics
Introduction Economics- Economics is the study of how societies allocate scarce resources to satisfy unlimited wants and needs. It encompasses the analysis of production, distribution, and consumption of goods and…