Economic activity
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The concept of Product differentiation is a promoting system that endeavours to recognize an organization's items or administrations from the rivals. Fruitful distinction includes identifying and imparting one of a kind characteristics of an organization's contributions while featuring the particular contrasts between those contributions and others available. This differentiation goes inseparably with building up a substantial incentive to make an item or administration alluring to an…
The barter system facilitated exchange of goods and services before the advent of the monetary system. Let us take a closer look at the history of this age-old system.
Although micro vs macro economics affect different levels of the economy and cover different policies, they are in fact two sides of the same coin...
Scope of Business Economics: Meaning, Nature & Scope, in Managerial Decision Making, Notes, UGC NET, What are the objectives & scope of business economics?
The main difference between economic and non-economic activity is economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.
A ¥en to Trade lessons are written to help middle school students understand the basic rationale for making trades, the gains possible from trade, and how trading is done. Through simulations and other active-learning strategies, the lessons teach fundamental economic concepts such as scarcity, economic wants, resources, goods and services, opportunity cost, and money, as well as international trade concepts such as exports, imports, tariffs, quotas, exchange rates, and trade routes.
Among the different branches of economics, development economics is a branch which is rapidly attaining popularity as a subject of higher study. Opting for this emerging specialisation, you can explore a wide range of lucrative job prospects in the public sector while also contribute to the research and development in the global economic sector. This blog will provide you with all the information you need regarding development economics as a field of study, courses offered!
