Saturday, September 29, 2018

ECONOMICS AND LIFE



MY LEARNING IN ECONOMICS



At first we understood the concept of economics like demand and supply, determinants of demand and supply along with price mechanism. Utility & indifference curve that measures the satisfaction level of customers. 

Other concepts like price discrimination, economic of scale and we learnt about different markets and how different firms performs if that market. 

We also learnt how to relate economic concepts with our real life time situations.  
Along with theoretical learnings, we also learnt to play in virtual market and compete with other competitors in the market in simulation


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