Economics as a subject is interesting and after coming to iba started learning about the basics and concepts and how these concepts can be applied in day to day life.
Being it related to some shop to monopoly or discovering the perfect competition market for stalls and restaurants outside the campus. I find how the diminishing marginal utility works while eating a momos never thought that economics concepts works this way. And when it comes to simulation it is a great experience for the first time when i heard of simulation i was confused but it was really fun and got to learn a lot about how a real time market scenario works.
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.
Saturday, September 29, 2018
economics learning
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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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