Opportunity Cost Do you what is an opportunity cost? Well, it’s a term which is used in economics. Let me clear you this point with an example- like you have applied for two…
Riten
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I am a first year BSc. student at Symbiosis School of Economics, Pune. I have always had an aptitude for Economics, and studying economics is more fun than necessity for me. I love debating, sports, and poetry.
Types of Goods Some important different terms in Economics are described that are required to create a better understanding. Normal goods are those goods that see a rise in demand when a consumer’s income…
Movement and Shift in Demand Curve You already know what is a demand curve as given in the previous article now let’s move towards shift and movements in demand curves. The below-given article describes beautifully what…
Markets and Properties of Money A market is a set of arrangements that allows transactions to take place. Nowadays markets are not bounded to appear in a place, in fact now…
Basic Demand Curve A demand curve basically depicts the potential demand for a commodity at different prices. An individual demand is Quantity of a good or service that an individual or a firm choose…
Capital & Intellectual Capital To run an enterprise you need capital. Capital is the financial assets used by a company to start a business or to earn more money. Capital is the…
Production Possibility Curve PPC is very important topic to be discussed. The production possibility curve helps to understand how much can be produced in an economy. The production possibility curve can…
Factors of Production Factors of production are all the things that are needed to make a commodity. There are usually four types of factors of production- land, labour, capital, and intellectual…
Introduction To Economics Economics is the study on how to use the scarce resources in an efficient manner so that the ultimate production the maximum no. of people or to produce which commodity that is required by most of the people…
Micro Vs Macro & Money Vs Barter These are very important and basic terms which everyone should know before starting reading economics. The very basic differentiation is Microeconomics studies economic decisions made by the individual whereas Macroeconomics studies…
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