Category: Micro Economics

WHAT IS ECONOMICS? (UNDERSTANDING THE BASICS OF ECONOMICS)

mr.shayansiddiqui 8:19 pm

Reading Time: 3 minutes Economics isn’t just about money; it’s about how we make choices with limited resources. Imagine having to decide what to buy with only ten dollars! That’s scarcity, a core concept in economics. Understanding these principles can help you make smarter choices about your finances, career, and even the world around you. This blog will explore the basics of economics, making this complex subject easier to grasp.

MICROECONOMICS VERSUS MACROECONOMICS

mr.shayansiddiqui 10:36 pm

Reading Time: 5 minutes A Comprehensive Guide Economics is a complex field that deals with the production, consumption, and distribution of goods and services. It is divided into two

FACTORS EFFECTING THE DEMAND CURVE

mr.shayansiddiqui 9:44 pm

Reading Time: 3 minutes The demand curve is a graphical representation of the relationship between the quantity of a product or service that consumers are willing and able to

THE LAW OF DEMAND

mr.shayansiddiqui 5:48 pm

Reading Time: 5 minutes What is the law of demand and how the law works? The Law of Demand is a fundamental concept in economics that explains the relationship

CETERIS PARIBUS EXPLAINED: A SIMPLE GUIDE TO CETERIS PARIBUS

mr.shayansiddiqui 5:38 pm

Reading Time: 4 minutes Ever heard economists say “all other things being equal”? That’s ceteris paribus in action! It’s a fancy way of saying they’re isolating the effect of one thing on another, assuming nothing else changes.

Think about gas prices. Ceteris paribus helps predict how a price hike might lead to less driving, if factors like income stay the same. It’s a simplified view, but ceteris paribus helps us understand complex economic concepts.

ADAM SMITH’S DEFINITION OF ECONOMICS

mr.shayansiddiqui 9:22 pm

Reading Time: 5 minutes Definition by Adam smith Adam Smith, the father of modern economics, defined economics as a social science that studies how people use scarce resources to

Chapter 1.1: The Nature, Scope, and Importance of Business

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“EXPLORING ECONOMIC REFORMS: STRATEGIES TO UPLIFT PAKISTAN’S ECONOMY”

WHAT IS ECONOMICS? (UNDERSTANDING THE BASICS OF ECONOMICS)

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Chapter 1.1: The Nature, Scope, and Importance of Business

Reading Time: 2 minutes Note: These notes, prepared by Mr. Shayan and the Business team of Ideal Educators Academy, comprehensively cover the nature, scope, and importance of business and

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Reading Time: 10 minutes Pakistan is a country that has faced various economic challenges throughout its history. In recent years, Pakistan’s economy has struggled due to factors such as

Category: Micro Economics

WHAT IS ECONOMICS? (UNDERSTANDING THE BASICS OF ECONOMICS)

MICROECONOMICS VERSUS MACROECONOMICS

FACTORS EFFECTING THE DEMAND CURVE

THE LAW OF DEMAND

CETERIS PARIBUS EXPLAINED: A SIMPLE GUIDE TO CETERIS PARIBUS

ADAM SMITH’S DEFINITION OF ECONOMICS

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Chapter 1.1: The Nature, Scope, and Importance of Business

ENHANCING EDUCATION: THE PROS AND CONS OF SCHOOL EXHIBITIONS

“EXPLORING ECONOMIC REFORMS: STRATEGIES TO UPLIFT PAKISTAN’S ECONOMY”

WHAT IS ECONOMICS? (UNDERSTANDING THE BASICS OF ECONOMICS)

Subscribe To Our Weekly Newsletter

Related Blogs

Chapter 1.1: The Nature, Scope, and Importance of Business

ENHANCING EDUCATION: THE PROS AND CONS OF SCHOOL EXHIBITIONS

“EXPLORING ECONOMIC REFORMS: STRATEGIES TO UPLIFT PAKISTAN’S ECONOMY”

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