1 / 6

Microeconomics Its Concepts and Principles

What is Microeconomics ?<br>What are Microeconomics Concepts?<br>What are some Key Principles of Microeconomics ? <br>Why Is My Assignment Services Best To get your microeconomics assignment help?<br>Get the answer of your questions, Visit us@ https://www.myassignmentservices.com/microeconomics-assignment-help.html<br>

4580
Download Presentation

Microeconomics Its Concepts and Principles

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MICROECONOMICS: ITS CONCEPTS AND PRINCIPLES

  2. MICROECONOMICS When people or any business make decisions related to the resources and their allocation, this study is called microeconomics. It also focuses on the study about the prices at which the product or the services are been traded Taxes, rules, and regulations, legal ways that are involved in the process are also within the range of microeconomics. In this sub-type of economics, the focus also stays on the supply and demand and other factors that affect the level of prices in the economy. These concepts about microeconomics will be resourceful for your microeconomics assignment help.

  3. MICROECONOMICS CONCEPTS Understanding the economy and all its aspects is not easy. It requires deep analysis of the choices, decisions that human makes. Microeconomics deals with the theory and practical techniques to study the same. What will happen when the specific changes are brought into the market is answered by microeconomics. Microeconomics has the concept that deals will market structure excluding the monopoly and perfect competition. It also includes the elasticity of supply and demand. What is the role of profits and prices in allocating resources? Is determined by microeconomic concepts.

  4. KEY PRINCIPLES OF MICROECONOMICS Although the roots of microeconomics are wide and deep, still is guarded by few key principles. Here we will be talking about the same. First on the list are equilibrium, demand, and supply. This principle says that prices are fixed by the law of supply and demand. In a competitive market, the suppliers offer the price that is been demanded by the consumer. This helps in forming the economic equilibrium. Second, on this list is production theory. This principle talks about the process of production of goods and services.

  5. Another principle is the cost of production. This theory says that the prices of goods and services are fixed or are affected by the cost of the resources used for their production. The raw material used and the cost it has worked as the factor to set up the price that is been produced. The last principle of microeconomics is labor economics. These principles deal with the employers and workers. With the help of this principle, one can understand the pattern or format of income, employment, and wages.

  6. WHY IS MY ASSIGNMENT SERVICES BEST FOR YOUR ACADEMIC WORK? Not just this sub-type but our experts can provide you entire Economics Assignment Help. Experts are well experienced and know each aspect that the topic includes. Your work will be delivered to you before time or on time. The prices we charge you for our services are always pocket-friendly. With us, you will receive the content with top-notch quality.

More Related