Fundamentals of Economic concepts, is an aim to help students understand the the complex and abstract concepts, theories and models in Economics The blog will be using real life examples to help you understand the key concepts of Economics Wealth Welfare definition Marshall Scarcity definition Robins Growth definition Micro and macro economics Stable, unstable and neutral equilibrium. Methodology in Economics Inductive Deductive. Utility and Satisfaction. Keynes. Hicks Adam Smith Samuelson.
Saturday, May 2, 2020
Indifference schedule
Indifference schedule is a statement of various combinations of two goods that will be equally acceptable to the consumer. The various combinations give equal satisfaction so he becomes indifferent to various other combinations
No comments:
Post a Comment