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    uu777

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    uu777

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    11 views4 pages

    New Doc 10-02-2021 19.25

    Uploaded by

    ambikeshwor joshi
    uu777

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 4
    Qc = Name — Sabina Shalit onged W Exphin redefinition ef ecocamics given by Rabbicg ~ E57 Pich.soev [teed Robbins f (fe endo —Schent ~ i eclse defi mi'tion A ecmomics gave amore precise dg economics iWh'S bank on a Keay on the Datare on) Sign ( fr ome $ 0M Aciente . pabli hed ig 1882 oa Ais wows Feonomios i, the Li ul uman aviouy. wenn ends and Gare Meanr$ hich Haye, ie USe9 ‘ths he defined economics entives a Scarcity ct means. Economists Iie He) nger_. pefer, Stigley etc Supported the view & Roobins ° in the axis Stigler “Feenomic_is thie Study the principle governing the ailecatinn of Saaye meen 01 tf Ads When the oblective oP dlloGasioO is to Maximize. the.aHZin Ment cf the ends: ACcowing to ¢, HavaSky Co non im Saleace_ co itn the, ed mi nisigection — A Score ed mini 2 CSeTyleR . ChataC eK © Xe, ‘ Haman vatants hu pra Man iS Sid to be a loundle ee alimated 1 — le — is Satisfe y mot pans whet a tee asic watts We food clothinee ow) a: thi __[satiFied womtS fv Comrie o 1 Selther at >> yy et 0 ara 2) wants differ tn Lvyency = L ‘Humans wants diffey in vy yenly Sone a7, Mores urgent tne athaS A move Uvgent wants 1S atisfied £, ond less urgent? wonts. ove paStpen Ly a Kore date, foy example Medicine fo CR Girl iS move urgent thon Cosmetfas- (3) Affevnative uses ot mean. According toyobbing the Means have alvernasiv uses, ie: They Caribe used in Many ways ov can be put yitferxent use, for example a — ho =yppees hank note can be used to bey Novel, oy one Kilogram apple U7 problem A Choice Dlimited Sanees Compelus to Jo 6 Mak ing Choice = Choice problem is tre economic proble thet_helps DS to Rchive Maxipnem satis Lagtioa Se _atgoxding to Aokoin§ He prolem c£ Chere js tre elenomic problem cwhichy 5) Cro e means | 2_mean§ Here tefers +o YeSousces ECONOMIES dews with the pyoblem @ scarcity » Scarcity yehers to xelative Seay city -this mean3 that __the demonda foy yesopyce? 6 grenten tna i J | the Supply Jf Yesovyces uyexe Onirmired | Theve Who be No CConomic_p Vo ~ : £ yob/ ae Seca. a lt ie ES B08 ASD Equilibrium (s_de vined aS a State in hh two (te, FOYCe. deny OA on ote equal to eachatrer i £S the = ine hich Hwve a by and Sloss ie Chogge the uaatity demand a Supplyed cf the Commuyity -Fe.Meons hi ger tend eet the Supplied ang vice— VerSa 2 ol explained with the hep Stedute “Wiiien 's given below. 1Ce'RS)) Quantity deans \Vauansiny Suppieal soy prs skh io | Qo | Lao Bo! | | 2 | de | go [146 i 1 | 2 2 os ey ! | 4. |_@o Alo [-40 | | 7 2 [pu Tees ; zo ; =Bo pressure in pie | = Pawn ways | equtitprion | U possi Upward (nN tre ahove table, e4ul ips sm See: Bea cel lwaZ Shadet were e. Unit per day. tre, ban tity duantity éleranged+ De Laffey ET rr S4uilibyium attained by the demand ana Supply foyces £ équilibivm EycesS demand a ———— or Ao Geo ge ca oantivy dement and Sepply. Yre_cbove Figure / the qumntity angprice axe, Meosuyed alony He x= ovis and Yo anis fespectivy the GoPword

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