Basics of economics

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Here we have shared the Basic Concepts of Microeconomics for Economics Students. 📌 Please Re-Pin for later 😍💞 college essay writing service, best essay writing service reviews, admission essay writing service, custom essay writing service reviews, online essay writing service

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Law of Supply: Meaning The Law of Supply is one of the most basic economic concepts that give an idea of the quantity of goods that a business will produce at a given price. As per this law, the supply of a product will increase with the increase in price. And a drop in price will lead to a drop in the supply of the product. In simple words, we can say that this law shows the producer's behavior when the price of a

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Let's get to know what is inflation and the advantages and disadvantages of it. Connect with Rurash for more information. #wealthexperts #investmentplanning #wealthmanagement

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Meaning The economies of scale are cost benefits received by a firm through a large scale production. When a firm increases its production level, the average cost per unit reduces. Hence, the economy of scale is achieved as a result of spreading costs over a large number of units. There is an inverse relationship between quantity produced & cost per unit. As a result, a firm enjoys economies of scale.

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#FinanceVocabularyWithEnglishMedium 🤑 Hey all! We are back with a brand new vocabulary theme namely, Finance! We will now acquaint you with Financial Terms important to understand the Economy and its functioning! 🏦 The calculation of a country's GDP takes into consideration a number of different factors about that country's economy, including its consumption and investment.

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