What is profit??
What is profit? The profit shows the difference between total revenue and total cost of a produc...
What is profit? The profit shows the difference between total revenue and total cost of a produc...
Externality: When someone produces and uses goods and services and third parties are affected by this production and use, it is called e...
What is Microeconomics? Microeconomics deals with the behavior of individuals, firms and households and how they make decisions. Microecon...
What is inflation?? Inflation refers to the increase in the general price level of an economy over a period of time.A rise in the price leve...