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Opportunity Costs – Definition | Types | Formula | Fields of Application

March 11, 2017 By Salman Qureshi Leave a Comment

Opportunity Costs Opportunity Costs know two different types and different fields of application. In order to understand what opportunity costs are at all, it is first necessary to define the term a little more detailed. Definition of Opportunity Costs Opportunity costs or sometimes also referred to as withdrawal costs, alternative costs or shadow costs are revenues […]

Filed Under: Economics Tagged With: Opportunity cost

Definition of Economics by robbins and criticism on his definition

December 18, 2014 By Salman Qureshi Leave a Comment

Definition of Economics by robbins and criticism on his definition.                Robbins after Marshall’s definition of economics give his own definition of economics. Robins claim that my definition is superior that the earlier definition. It does not suffer from any the defect from which earlier definition was suffered. Robbins […]

Filed Under: Economics Tagged With: economics definition, economics definition criticism, robbins economics definition, robbins economics definition and criticism

What is Monetary Policy and Fiscal Policy

December 15, 2014 By Salman Qureshi Leave a Comment

What is Monetary Policy:           Monetary policy is usually prepared by the central bank of a country, to monitor the flow of money. Definition of Monetary Policy: Monetary policy is mainly concerned with the process to control money supply/credit money, in order to meet certain social and economic objecting. These point […]

Filed Under: Economics Tagged With: difference between monetary policy and fiscal policy, fiscal policy, monetary policy and fiscal policy, monitory policy

What is Economics

February 13, 2014 By Salman Qureshi Leave a Comment

What is Economics: Definition of Economics: Economics is the social science that studies how rational individuals, groups, and organizations, manage scarce resources, which have alternative uses, to achieve desirable ends. 1. The branch of knowledge concerned with the production, consumption, and transfer of wealth. 2. The Economist’s Dictionary of Economics defines economics as “The study […]

Filed Under: Economics Tagged With: define economics, definition of economic, economic explained, economics, Economics Notes, economics online, economics training, free economic education, free economics course, free economics notes, introducation to economics, managerial economics, micro economics, what is economics

10 Most Important Economics Concepts

February 13, 2014 By Salman Qureshi Leave a Comment

10 Most Important Economics Concepts 1. Choice: In simple term this is the most important economic concepts & fundamental for understanding economics. If we take the holistic approach, the whole basis of economics depends on the concept of scarcity. In economics it’s assumed that the resources are scarce and thus for having something we need to […]

Filed Under: Economics Tagged With: 10 Most Important Concepts in Economics, economic basic concept, economic concept, economics, economics basis, economics online, economics training, introducation to economics, micro economics

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Salman Qureshi is Researcher & passionate Blogger, he loves to write on Commerce & Management Sciences subjects to assist students, Hope you guys will like his effort.




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