Description

Principles of Economics (MICRO)

Micro Economics is an integral part of economics. Concepts from Micro Economics are used for initiating and accelerating growth in the economies.

Components

The book ‘Principles of Economics (MICRO) is divided into four parts encompassing such topics as:

1. The definitions and concepts of Economics.
2. Economic systems.
3.  Law of demand.
4. Law of supply.
5. Price determination in the market through the interplay of demand and supply.
6. Marginal productivity theory of distribution.
7. Concepts of rent.
8. Wages, interests and profits.

Objectives

We have tried to discuss the said topics in a simple language. Review exercises at the end of each chapter and multiple-choice questions along with answers.We hope this would help the students in their preparations for examinations.

Suggestions and feedback from the teaching fraternity and the students are earnestly solicited and will be highly appreciated to improve further the quality of this book.