As a B.COM student economics was always one of my major subject since I took commerce. It was a subject I took for granted because I was afraid of it or may be I was just told to read the old bookish language as all did. But after I attend the 1st class of economics in IBA I was pretty sure that it was not the old style of boring economics as in U.G. It was more a Eco -mix then economics. The way I was taught in IBA was a bit different. It was more application based. I understood how to apply the concept of economics in real life. Thanks to the faculty of IBA who changed the meaning of economics. Eco-mix means economics with the mix of real life application.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
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IMPACT OF SOCIETY /SOCIAL GROUPS ON PURCHASE INTENTIONS OF HOME BUYING- Consumers are the most important factor that will make any bus...
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Supply in elastic:if the supply is difficult to replace the product by a substitute goods then that is known as supply-in-elastic. Example...
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MARKET STRUCTURE: there are different market structures that can be characterized to an economy, without market structure any company ca...
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If the supply is easy to replace by multiple suppliers then it’s known as supply elasticity. Any unskilled worker is an example of supply e...
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