ECONOMICS

This page contains topics related to Economics. Please click on the links to view the articles.

What is Economics?

Macroeconomics & Microeconomics

Human Wants, Needs & Comforts - Classification

Scarcity, Utility, Marginal Utility

Law of Diminishing Marginal Utility

Law of Diminishing Returns

Consumer Surplus and Producer Surplus

Human Wants & Desires - Differences

Characteristics of Human Wants

Economy & Types of Economy

Allocation of Resources & Other Issues

Four Basic Economic Activities

Production & Factors of Production

Distribution of Goods & Services

Consumption

Capital Formation

Supply & Demand

Law of Supply, Supply Schedule & Curve

Law of Demand, Demand Schedule & Curve

Price Determination & Factors Influencing Price

Consumers Equilibrium & Indifference Curve

Producers' Equilibrium

Significance & Role of Money in Economy

Elasticity of Supply

Elasticity Of Demand

Notion of Scarcity & Solutions

Production Possibility Frontier, Opportunity Cost, Specialization