Saturday, September 29, 2018

When Economics is new to you

When I sat in the first class of economics I i felt very bored and was unable to understand anything. But after 2 classes I got interest in the subject and started to know about it. Actually economics is the social science that studies the operations of goods such as its production, distribution and the consumption of the goods or services.
I came through the basics in the subject i.e Law of demand, law of Supply, demand, supply, elasticity, the price mechanism, utility and its types and characteristics, indifferent curve, equi marginal principle, production possibility curve, cost analysis, price discrimination, etc,.
I will learn more in this subject so that i can apply it in tge real life example.

No comments:

Post a Comment