7 things about Economics

Consumer equilibrium using indifference curve analysis is at a point where the consumer indifference curve touches the budget line. We have done consumer theory, consumer equilibrium using utility analysis, the…

The marginal rate of substitution refers to the rate at which the consumer substitutes one good, to obtain one more unit of the other good. Today, we will understand the…

Another important topic in economics after the budget line is the indifference curve analysis. The word ‘Indifference’ means being ‘neutral’ or having no effects at all. An indifference curve is…

Energy is a crucial part of economic infrastructure. There are several challenges when it comes to energy: it is mostly insufficient in the rural sector, not only due to affordability…

This post includes points surrounding the budget line, features of the budget line, and the changes in the budget line. But first, you can go through the meaning of the…

Economics is one of the social sciences, which has a great influence on every human being. As economic life and the economy go through changes, it is important to understand…

Health is the holistic process related to the overall growth and development of the nation. The development of health infrastructure ensures a country of healthy manpower for the production of…

There are several sources of generating power in India like thermal power, hydro-electric power, and nuclear or atomic power. Today, I am going to provide an explanation of the different…

Credit stands for the loan given officially from the bank either through paper documents or through the plastic cards (Credit cards). In the same way, we have a rural credit…