Previously when I was in my graduation as per my knowledge and my syllabus Economics means micro economics and macro economics.
Micro Economics is law of diminishing marginal utility and macro Economics is all about statistics.
but after coming to IBA and studying Economics I came to know taht Economics is very vast and it is applicable in each and every aspect of our daily life.
If we are clear about the concepts we can see economics in every aspect of daily activity.
As per my knowledge I have observedsome concepts relating to my daily life like opportunity cost, the fluctuations in the decisions of demand , supply and purchase of goods, consumer behaviour , marginal utility of consumer
Micro Economics is law of diminishing marginal utility and macro Economics is all about statistics.
but after coming to IBA and studying Economics I came to know taht Economics is very vast and it is applicable in each and every aspect of our daily life.
If we are clear about the concepts we can see economics in every aspect of daily activity.
As per my knowledge I have observedsome concepts relating to my daily life like opportunity cost, the fluctuations in the decisions of demand , supply and purchase of goods, consumer behaviour , marginal utility of consumer
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