Topic Measurement of Utility in Economics Subject Microeconomics Category CBSE Class 11 Notes Measurement of utility in Economics Class 11 Notes Utility is the capacity
Topic Concept of Utility in Economics Subject Microeconomics Category CBSE Class 11 Notes Consumer satisfaction and Utillity A consumer is the main decision maker of
Topic Solutions to Central Problems of an Economy Subject Microeconomics Category CBSE Class 11 Notes Solutions to Central Problems of an Economy The central problems
Topic Opportunity Cost in Economics Subject Microeconomics Category CBSE Class 11 Notes As resources are scarce, the society is always forced to make choices. To
Topic Production Possibility Curve in Economics (PPC) Subject Microeconomics Category CBSE Class 11 Notes Production Possibility Curve Due to scarcity of resources, the society cannot
What is an Economy? Microeconomics Class 11 Notes Topic What is an Economy Subject Microeconomics Category CBSE Class 11 Notes What is an Economy? An
Positive Economics is that perspective of economics which studies the facts of life. It deals with things as they are. It does not focus on
What is Normative Economics? Microeconomics Class 11 Notes Normative economics is that part or perspective of economics which gives value judgement or normative judgments about
What is Macroeconomics? Microeconomics Class 11 Notes The study of economics is divided into two major sub fields – Microeconomics and Macroeconomics. Macroeconomics is the
What is Microeconomics? Microeconomics Class 11 Notes Economics is a social science that studies the way society chooses to use its limited resources, which have
Topic What is Economics Subject Microeconomics Category CBSE Class 11 Notes What is Economics? The word Economics comes from two Greek words – ‘Eco’ meaning
In making choices, most people spend their incomes over different kinds of goods. people prefer a variety of goods and services because consuming more and