Economics: In economics I learnt about the utilities, Principles, Laws, Income effect, Curves, Budget lines.
Utility: There are two types of utilities. They are : 1) Ordinal Utility
2) Cardinal Utility
Principles: There are three types of principles. They are : 1) Marginal principle
2) Trade offs
a) Openess to cost
b) Cost of benefit analysis
3) Incentives
Laws: Two main laws are present in laws. They are : 1) Law of Demand
2) Law of supply
Income Effect: They are of again divided into 2 types. They are : 1) MRTS( Factors of Products)
2) MRT(Demand)
Curves: There are two types of curves that are present. They are : 1) Indifference curve
2) Isoquants
Budgetline: two types of budgetlines. They are: 1)Consumers Behaviour
2) Income effect and difference curve
Utility: There are two types of utilities. They are : 1) Ordinal Utility
2) Cardinal Utility
Principles: There are three types of principles. They are : 1) Marginal principle
2) Trade offs
a) Openess to cost
b) Cost of benefit analysis
3) Incentives
Laws: Two main laws are present in laws. They are : 1) Law of Demand
2) Law of supply
Income Effect: They are of again divided into 2 types. They are : 1) MRTS( Factors of Products)
2) MRT(Demand)
Curves: There are two types of curves that are present. They are : 1) Indifference curve
2) Isoquants
Budgetline: two types of budgetlines. They are: 1)Consumers Behaviour
2) Income effect and difference curve
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