Tag: economics

Know about Free Market Economy and its relevance in economics at e akhabaar. A free market economy is an economy in which the allocation for…

Know about Describe law of supply and its relevance in economics at e akhabaar. The law of supply is a fundamental principle of economic theory….

Know about The features of Mixed Economy and its relevance in economics at e akhabaar. The following are the main characteristics of a mixed economy:…

Know about What are the factors of production? and its relevance in economics at e akhabaar. To produce a good or provide a service, resources…

Know about Production possibility frontier (PPF) and its relevance in economics at e akhabaar. Production possibility curve is a graphical presentation of alternative production possibilities…

Know about Fundamental economic problems and its relevance in economics at e akhabaar. Everything in life is scarce. So, the basic economic problem is what…

Know about Demand function and its relevance in economics at e akhabaar. Demand function a behavioral relationship between quantity consumed and a person’s maximum willingness…

Know about What is demand curve? and its relevance in economics at e akhabaar. In economics the demand curve is the graph describing the relationship…

Know about Factor affecting demand curve and its relevance in economics at e akhabaar. The consumer demand curve illustrates the cost people are willing to…

Know about Describe low of supply and its relevance in economics at e akhabaar. The law of supply is a fundamental principle of economic theory….