Demand Estimating Demand is central to any business operation because first it should estimate or forecast demand in order to detrmine there budget, production etc. Demand can be defined as the amount of a good that a consumer is willing to buy and able to purchase at a period of Read more…
MICRO ECONOMICS MACRO ECONOMICS Study of Individual economic units Study of economy as a whole and aggregates Narrow scope Broad scope Also known as price theory because it explains the process of economic resource allocation on the foundation of relative prices and several goods and services Also known as Income Read more…
Macroeconomics The word Macro Economics derived from the Greek word ” Macros” which means large. Macroeconomics do ‘big picture’ or ‘aggregate’ study on the behavior and performance of an economy as a whole. Thus the focus is on the aggregate changes in the economy such as unemployment, growth rate, gross Read more…