(i) Definition of Economics: Adam Smith, Alfred Marshall, Lionel Robbins, Samuelson. (ii) Micro and Macro Economics – Meaning and Difference. Basic concepts ...
Consumer’s Equilibrium using Indifference Curve: Indifference Curve, Indifference map, budget set and budget line, conditions of Consumer’s Equilibrium. Demand: Concept of demand, Law of Demand , ...
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