Learn Economics अर्थशास्त्र

About Learn Economics अर्थशास्त्र

Economics is the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Economics helps us understand historical trends, interpret today’s headlines, and make predictions for coming decades.

One of the central tenets of economics is that people want certain things and will change their behavior to get those things – in other words, people will respond to incentives. Economics ranges from very small to very large. Dealing with how to divide the salary to different expenses is microeconomics. Studying about markets, governments and boom comes under macroeconomics.

Features ofLearn Economics अर्थशास्त्र
- List of contents regarding Economics in English
- Open any one topic and view it in full screen.
- Bookmark your favorite topic.
- Share the topic on social media networks.

Some topics covered in this application are: What is Economics,The nature of economics ,The study of economics , The methods used by economists, Economic exchange, Factors of production, Types of production, The role of money in exchange, The economic problem, Choice and opportunity cost, Samuelson's three questions, Production possibility frontiers, Interpreting PPFs , Pareto efficiency, Increasing opportunity cost, Marginal analysis etc.

Before we delve into the field of economics, we must differentiate between the two primary types of economics: Macro Economics (the study of one or more whole economies) and microeconomics (the study of behaviors of firms, businesses, and individuals and their decisions involving scarcity). While both fields deal directly with economics, they have obvious contrasts.

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