SUBJECT – SOCIAL SCIENCE

Topic - RELATION OF MICRO ECONOMICS

CONCEPTS & THEIR USES IN BUSINESS AND WELFARE
ECONOMICS.

NAME – Saikat Chakraborty.

CLASS – IX SEC. – C
ROLL NO. - 01.

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ACKNOWLEDGEME
NT
I would like to express my thanks of gratitude to
my subject teacher Soma ma’am as well as our
respected principal ma’am Mrs. Mitra Som Saha
who gave me the opportunity to do this
wonderful project on the topic “ RELATION OF
MICRO ECONOMICS CONCEPTS AND THEIR USES IN
BUSINESS & WELFARE ECONOMICS”, which has
helped me a lot to learn during the course of
completion of this project.

I am also indebbed to my family members for their

valuable support, advice, and love which helped me to do
this project with the given time frame.

A great pirate does not require any intricates

TABLE OF
CONTENTS
What is
01 microeconomics

SCOPES For
02 microeconomics

RELATION
BETWEEN
SCOPES FOR
03 microeconomics

IMPORTANCE
IN BUSINESS
& WELFARE
04 ECONOMICS
 WHAT IS
MICROECONOMI
CS

The part of economics concerned with single factors and the

effects of individual decisions called microeconomics. It is the
economy on an individual basis. The word Microeconomics
consists of the Greek word, “ MIKROS” meaning small. The
behaviour of one producer, one consumer, one market is
involved in Microeconomics.
 SCOPES FOR microECONOMICS

PRODUCTION
CONSUMPTI
EFFICIENCY -ON

ENVIRONTMEN
SCOPES
ECONOMICS FOR DISTRIBUTION
microECONOMICS

EXCHAN
WELFARE -GE
ECONOMICS INCOME

PUBLIC
MONEY
FINANCE
 RELATION BETWEEN
PRODUCTION & CONSUMPTION

PRODUCTION CONSUMPTION

PRODUCTION CONSUMPTIO
N

The creation of The activities that

useful commodities lead to the
& services is called satisfaction of our
production. wants is called
consumption.

-> The relation between production and

consumption is that they are interdependent to each
other. Production creates material object for
consumption. Consumption leads to the need of
 RELATION BETWEEN
PRODUCTION &DISTRIBUTION

PRODUCTION DISTRIBUTION

PRODUCTION DISTRIBUTIO
N

The creation of The process of

useful commodities transfer of goods to
& services is called consumers is called
production. distribution.

-> The relation between production and

distribution is that with an increase in production,
the distribution increases ( with the availability of
consumers).
 RELATION BETWEEN
Environmental & WELFARE
ECONOMICS

ENVIRONMENTAL WELFARE
ECONOMICS ECONOMICS

Environmen Welfare
al
Economic
Economics
s

The ways to restore the

environment and keep The individual and
it unharmed from collective welfare of all
development forms the forms the subject
subject matter of matter of Welfare
Environmental Economics.
Economics

-> The relation between environmental economics

and welfare economics is that with the conservation
and welfare of the environment, it brings direct
positive impact on welfare economics.
 points

Role of
PRODUCTION
In business Helps in creating values by
and welfare applying labour on land and
economics. capital.

Improves welfare as a
commodity mean.

Generates employment and

income.

Helps in understanding the cost

and output relation.
 points

Role of
CONSUMPTION
In business
and welfare Begins all economic activities.
economics.

End of economic activities.

Foundation of many
economic theories including
Relative Income Theory of
Consumption, Life cycle
Theory of Consumption, etc.
 points

Role of
DISTRIBUTION

In business
and welfare Change in the ownership of a
economics. product.

Change in the spatial

position of a product.
 points

Role of
MONEY
In business
and welfare It has a Store of Value.
economics. .

It is a Medium of
Exchange .

It is a Unit of Account.
 BIBLIOGRAPHY

For the purpose of completion of

this project in time, I have taken
help from the following sources ->

Course Political Science

& ....Economics book.

WWW.GOOGLE.COM

WWW.YOUTUBEINDIA.COM
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