General Concepts
3/10/18: Dumping Ice bags into Overheating Reactor: Bonds & Stocks Bubbles
“Supply shortages, induced mainly by central bank quantitative easing have been a major factor driving asset markets, in…
August 31, 2021 · Taylor EmmaAuthor: Taylor Emma
A senior editor for The Mars that left the company to join the team of SenseCentral as a news editor and content creator. An artist by nature who enjoys video games, guitars, action figures, cooking, painting, drawing and good music.
General Concepts
A Budget Line (budget constraints)
The budget line is an important component when analysing consumer behaviour. The budget line illustrates all the…
August 31, 2021 · Taylor EmmaGeneral Concepts
Indifference curve analysis
The aim of indifference curve analysis is to analyse how a consumer chooses between two goods to get…
August 31, 2021 · Taylor EmmaGeneral Concepts
Law of Diminishing Marginal Utility
Utility refers to the amount of satisfaction a person gets from consumption of a certain item.and marginal…
August 31, 2021 · Taylor EmmaGeneral Concepts
Consumer Behaviour
A consumer is someone who makes demands in the market. If there is no consumer then there…
August 31, 2021 · Taylor EmmaGeneral Concepts
Factors affecting Elasticity
Elastic means flexible demand and Inelastic means Fixed demand. · Availability of substitutes · Postponement of consumption · Proportion of expenditure…
August 31, 2021 · Taylor EmmaGeneral Concepts
What is Elasticity?
Till now we only discussed the direction of the changes in price and quantities demanded. But here we…
August 31, 2021 · Taylor EmmaGeneral Concepts
Central Problems of an Economy
Central problems arise in an economy due to scarcity of resources having alternative uses in relation to unlimited…
August 31, 2021 · Taylor EmmaGeneral Concepts
Types of goods
Normal goods – the quantity demanded of such commoditiesincreases as the consumer’s income increases and decreases as the consumer’s income decreases.…
August 31, 2021 · Taylor EmmaGeneral Concepts
What is a Market?
Market A market is a place where buyers and sellers meet and interact. In today’s internet era,…
August 31, 2021 · Taylor Emma