LEARNINGs WITH ECONONOMICS
First we understood
the concept of demand & supply along with the consumer behaviour.
We also
understood the determinants of demand & supply along with price mechanism. It
also reflected how consumer’s choices effects the elasticity of the products/
services.
Utility
& indifference curve measures the satisfaction & preference level of Consumers
based on his income levels.
Along with the theoretical learnings, we also
learnt to apply concepts of real time situation in simulations understanding
the type of market and competition.
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