Everybody has heard the term economics.We always here it coming up in our day to day life. However, passing a comment on the economic policies our country is very different from the actual and in depth study of it. I become familiar with the concept after coming to IBA .It was for the first time I was made to sit through economics class.
At first to be honest everything that was taught seemed like a riddle to me but with the guidance of our professor Mr Prashant Kulkarni, I can say within this 3 months I have learnt the economics that existed around me but was invisible to my eyes. What I most loved about the classes would be how simple is his examples yet powerful enough to imprint the value in my mind and his idea of a simulation has been very helpful . The things that was taught in the economics classes has also helped me to have a better understanding of subjects like marketing, organisational behaviour or business law .I know that I still have a very small amount of knowledge in the subject but whatever I have is very practical in nature and increasing day by day.
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
My Walk Through Economics
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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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