consumers surplus define
circular flow
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
Classical economics concept No1 you have to make more then you did last year or you are in recession. Take into account the concept of compound percentages and we will have to produce goods for three Earths in 80 years time. there is a challenge for inbuilt obsolescence
elasticity
ABAY
Define concept of Sustainable Development?
the coming together of a buyer and seller
consumers surplus define
scarcity economics
circular flow
The smallest amount of something that is bought or sold.
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
time-probability:)
Classical economics concept No1 you have to make more then you did last year or you are in recession. Take into account the concept of compound percentages and we will have to produce goods for three Earths in 80 years time. there is a challenge for inbuilt obsolescence
elasticity
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.