MANEGERIAL ECONOMICS

    MANEGERIAL ECONOMICS 

THIS BLOG ALL ABOUT  MANEGERIAL ECONOMICS 

UNIT I

ECONOMICS AND MANEGERIAL ECONOMICS :- DOWNLOAD HERE

UNIT II

COST ANALYSIS  :- DOWNOAD HERE

 UNIT III

MARKET STRUCTURE  :- DOWNLOAD HERE

UNIT IV

PRICING ANALYSIS :- DOWNLOAD HERE

MANEGERIAL 𝐄𝐂𝐎𝐍𝐎𝐌𝐈𝐂𝐒

UNIT I 

𝐄𝐂𝐎𝐍𝐎𝐌𝐈𝐂𝐒

            Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.

𝐒𝐂𝐀𝐑𝐂𝐈𝐓𝐘

  SCARCITY SIMILAR WORD SHORTAGE    

  Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy

 WIKIPEDIA           

What are the two classification of economics?

Two major types of economics are microeconomics, which focuses on the behavior of individual consumers and producers, and macroeconomics, which examine overall economies on a regional, national, or international scale.

𝐖𝐄𝐀𝐋𝐓𝐇

       Wealth measures the value of all the assets of worth owned by a person, community, company, or country. ... Essentially, wealth is the accumulation of scarce resources. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods.

      Who gave the definition of wealth?

Adam Smith (1723 -90) defined economics as follows : 'Economics is the science of wealth'. He is the author of the famous book 'Wealth of Nations' (1776).WIKIPEDIA VIEWMORE...

MN