Introduction To Economics

Introduction To Economics:

Economics: It is the study of economic issues arising out of the fact that resources are scarce in relation to our Needs/Desires and the scarce resources have alternative uses.

MicroEconomics: When Economic issues are studied small Economic units like an individual, consumer or producer.

MacroEconomics: It refers to the study of Economic problems or Economic issues at the level of an economy as a whole

 

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