Category Archives: economics

TOI Happy Times Answers Today 5th April 2020

HAPPY TIMES ANSWERS TOI Happy Times Answers , TOI TODAY ANSWERS, TOI HAPPY TIMES, Times Of India Daily Quiz Answers , Times Of India Happy Times Quiz Answers – Hello Guys Welcome To MgTricks. Previously we had posted Apple MacBook Pro (15-Inch, 16GB RAM, 512GB Storage).And we brings Daily Updates for ours visitors so, that you can have… Read More »

what is elasticity of demand

The elasticity of demand refers to the ease with which someone can gain access to a product or service. In a current economy, it is a valuable concept that has also been called “the Achilles heel of capitalism.” The reason for this is that, in order to make more money, you must know how to get people to pay… Read More »

Law of Supply

The Law of Supply and Demand The Law of Supply and Demand describes the tendency of the market for goods and services to increase when demand increases. The effect of this law is that those goods that increase in price as supply increases tend to decline in price. While the law has numerous applications, one of the most… Read More »

Law of Demand

Legal Guidelines For Product Creation The Law of Demand is a concept invented by Karl Marx. It states that there is a basic need for having the product in the marketplace, and as demand increases, a product becomes more expensive. The idea is that the more expensive the product, the more competition there is for its sale. This… Read More »

What is Elasticity of Supply

What is Elasticity of Supply  This is a great article that will help you understand the fundamental concepts behind supply and demand Supply is, of course, an essential word to define and measure the quantity of something, such as gold or oil. The amount of anything is all of the units produced or consumed. But what happens when… Read More »

All about Microeconomics

Microeconomics is the study of small businesses, in particular micro-businesses. In particular, it focuses on the analysis of such businesses to understand their market size, competition, and consumer behaviour. Microeconomics help you make a quick and easy distinction between industries. As an example, suppose you are shopping at a discount store and the place is very crowded. You… Read More »