According to the Principles of Economics, economic principles
guide how we make economic choices and how we interact in the
market. What role do economic principles play in your personal
economic decisions (choices)? Do you encounter scarcity either
personally or in your workplace? What are the kinds of scarcity you
encounter?
To make rational economic decisions, we need to compare costs
and benefits. Suppose you are trying to decide whether to take a
vacation. The majority of the costs of...
. Describe 10 principles of economics. Explain what questions
economics addresses as well as the principles of how economy works.
For example, national income, production etc.
What are the main principles of marketing?
How do they conflict with the general understandings of Byron Sharp
mentioned in his book “How brands grow”?
How far do caste and gender constitute major dimensions of
inequality in India? Discuss. Do you think economic inequality is
increasing in India in the recent decade?