Economics is somewhat a new subject to me but while writing those blogs helped me a lot to improve the concepts and also it helps to improve the knowledge and where we are gaining some interest to write all these blogs with real life time examples.Initially when we are writing the blogs I can't even understand why we are writing.Whenever I used to listen to Prof. Prashanth Kulkarni sir's class and the examples where he was giving are everything related to real life situations where we can observe it.We never thought that these many examples are related to real life in Economics.Such a great and different experience I have learnt during these 3 months.I would like to Thank You Sir for making the subject simple and understandable with his examples.
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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