This law is a part of consumer behavior, and it talks about the behavior of the consumer when they consume any commodity in excess. If you want. Then revise; the…

The cardinal utility approach was founded by Alfred Marshall. He was one of the most influential economists of his time. Alfred Marshall was regarded as the father of neoclassical economics.…

Heard a common saying; ‘opportunity never knocks twice. So, let’s understand the meaning of opportunity cost, to make wiser decisions. You can buy my full notes on PPC on Amazon:

This is one of the most searched questions on Google, and I am going to answer this on my blog. We have already learned the meaning of Production Possibility Curve,…

This topic is one of the initial concepts in the microeconomics subject. Every economics student from school to college studies the Production Possibility Curve. Let’s understand this concept in simple…

I noticed some posts regarding the central problems of the economy. So, I thought I should also explain this. Thanks to Facebook group members, who are so supportive and full…

Well, ‘Economy’ and ‘Economics’ are two different terms when we say ‘Economics’ we focus on the distribution of resources in such a way that human maximum wants can be satisfied…

Today, I am going to solve a question asked from me on the ‘Quora platform’. Some of you, who have not studied the concept of income and substitution effect might…