Micro Economics

To produce a good or provide a service, resources must be used which is known as to produce a good or provide a service, resources…

The following are the main characteristics of a mixed economy: Co–existence of the Public and Private Sectors: The chief characteristic of a mixed economy is…

The law of supply is a fundamental principle of economic theory. It states that all else equal an increase in price results in an increase in quantity…

A free market economy is an economy in which the allocation for resources is determined only by their supply and the demand for them. This…