Économie

The Indifference Curve Analysis approach was first introduced by Slutsky, a Russian Economist in 1915. Later it was developed by…

Theory of Consumer Behaviour assumes that you can only order or arrange your preference in order of priority, you cannot…

Generally, the more of a particular commodity human being possesses the less the intensity for more. Hence man’s subsequent unit,…

Elasticity concepts generally deal with the response(s) of demand or supply to its determinant; in the course of our discussion…

The concept of price theory came into being as a concept of valuation, i.e. the medium through which values are…

Scarcity | Choice | Opportunity Cost Three big questions summarise the scope of economics- How do choices end up determining…

Monetary Policy Monetary policy refers to the combination of measures designed to control the supply of money and credits conditions…