When
I first heard about Economics after coming to IBA is like "Oh!! the one I
studied in my school in Social Studies". I don't know much about Economics
as I came from Science background and even in science economics is there but
then, I didn't give much thought about it. But after coming here, at first it
is difficult to follow, but slowly I started to come to know what Economics
really is and how it is present even in small aspects of our life. And
writing blog helped us a lot in understanding the concepts and expressing it in
our own words. This way we started to learn and understand the concepts instead
of just reading them and applying the concepts with some real life examples. Indeed
it is a great experience!!!
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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