Saturday, August 25, 2018

Examples of economic concepts

1.law of demand
E.g: As the price of apples grew the demand of apples reduced.
2. Diminishing marginal utility
Eg:Music Industry ( the more number of time we listen a particular music in a specific period of time the less additional utility will be derived).
3.Mobility
E.g: when a boy leaves his job and goes to a new country for a new job is known as mobility.
4.Supply curve
E.g:when the price of apples grew the supply of the apples grew in the market.
5.Utility
E.g.:After studying at IBA for  more than one months I have learnt lots of concept on marketing.

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