Macroeconomics Unit I Basic Economic Concepts
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ECONOMICS (Code No. 030) (2020-21)
cbseacademic.nic.ineconomic data. Unit 1: Introduction 07 Periods What is Economics? Meaning, scope, functions and importance of statistics in Economics Unit 2: Collection, Organisation and Presentation of data 27 Periods ... Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and ...
UNIT 1: Basic Economic Concepts
conejousd.orgStudy of small economic units such as individuals, firms, and industries (competitive markets, labor markets, personal decision making, etc.) MACROeconomics-Study of the large economy as a whole or in its basic subdivisions (National Economic Growth, Government Spending, Inflation, Unemployment, etc.)
Principles of Managerial Economics
www.opentextbooks.org.hkincludes any business, nonprofit organization, or administrative unit. The second definition establishes that economics is at the core of what managers of these organizations do. This book presents economic concepts and principles from the perspective of “managerial economics,” which is a subfield of economics that places
Economic Analysis for Business Decisions Multiple Choice ...
dimr.edu.inEconomic Analysis for Business Decisions Multiple Choice Questions Unit-1: Basic Concepts of Economics 1. In a free-market economy the allocation of resources is determined by: a. Votes taken by consumers b. A central planning authority c. By consumer preferences d. The level of profits of firms 2. A rational person does not act unless: a.
The Concept of Productivity
www.erpublication.orgmaterials or energy per unit of production. In macroeconomics the approach is different. In macroeconomics one wants to examine an entity of many production processes and the output is obtained by summing up thevalue-added created in the single processes. This is done in order to avoid the double accounting of intermediate inputs.