Macro & Micro Economics

Automobile sector, Backbone of Indian Economy

The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of…

4 years ago

Understanding the Concept of Utility

INTRODUCTION: In Victorian days, philosophers and economists talked blithely of “utility” As an indicator of a person’s overall well-being. The…

4 years ago

Consumer surplus, The game of Demand & Supply

INTRODUCTION: In the preceding chapters, we've seen the way to derive a consumer’s demand Function from the underlying preferences or…

4 years ago