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Mean welfare in micro ecomomics is grapes.
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What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What do you mean by ridge lines in micro economics?
Ridge in microeconomics
Micro-Economics is also called?
micro economics is also called?
What are the scope of microeconomics?
The scope of Micro Economics is concerned with the following topics :-1. Commodity PricingPrices of individual commodities are determined by market forces of demand and supply. So micro economics makes demand analysis (individual consumer behaviour) and supply analysis (individual producer behaviour).2. Factor PricingLand, labour, capital and entrepreneur, all factors contribute in production process. So they get rewards in the form of rent, wages, interest and profit respectively. Micro economics deals with determination of such rewards i.e. factor prices. So micro economics is also called as 'Price Theory' or 'Value Theory'.3. Welfare TheoryMicro economics deals with optimum allocation of available resources and maximisation of social welfare. It provides answers for 'What to produce?', 'When to produce?', 'How to produce?' and 'For whom it is to be produced?'. In short, Micro economics guides for utilizing scarce resources of economy to maximize public welfare.
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What do you mean by macro and micro environment of business and economy?
In simple words micro macro economics can be explained as- " What holds good for micro economics may not hold good for macro economics' Eg: Savings.
What do you mean by ridge lines in micro economics?
Ridge in microeconomics
Micro-Economics is also called?
micro economics is also called?
What are the scope of microeconomics?
The scope of Micro Economics is concerned with the following topics :-1. Commodity PricingPrices of individual commodities are determined by market forces of demand and supply. So micro economics makes demand analysis (individual consumer behaviour) and supply analysis (individual producer behaviour).2. Factor PricingLand, labour, capital and entrepreneur, all factors contribute in production process. So they get rewards in the form of rent, wages, interest and profit respectively. Micro economics deals with determination of such rewards i.e. factor prices. So micro economics is also called as 'Price Theory' or 'Value Theory'.3. Welfare TheoryMicro economics deals with optimum allocation of available resources and maximisation of social welfare. It provides answers for 'What to produce?', 'When to produce?', 'How to produce?' and 'For whom it is to be produced?'. In short, Micro economics guides for utilizing scarce resources of economy to maximize public welfare.
Who is first use a word of Micro economics?
Who is first use a words of micro economics & macro economics
Give the differences between micro and macro economics?
ten difference of micro economics macro economics
10 related features of micro economics?
10 examples of micro economics
What are the basic division in economics?
micro economics and macro economics
Macro economics and micro economics?
macro is a root for large, while micro is, of course, small
Give the 2 division of economics?
Micro economics and macro economics
