INDIVIDUALS, FIRMS, MARKETS & MARKET FAILURE
Section Content
ECONOMIC METHODOLOGY & THE ECONOMIC PROBLEM- Economic methodology
- The nature and purpose of economic activity - Economic resources - Scarcity, choice and the allocation of resources - Production Possibility Diagrams PRICE DETERMINATION IN A COMPETITIVE MARKET
- The determinants of the demand for goods and srvices
- The determinants of the supply for goods and srvices - The determination of equilibirum market prices |
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